China Mobile’s ARPU only jumps 0.3% despite 233 million 5G network customers

China Mobile, announcing the earnings report, revealed that it had a mobile customer base of around 967 million, including 467 million 5G plan customers and 233 million 5G network customers in the first quarter. 2022.
Mobile ARPU increased 0.3% to 47.5 RMB in the first quarter. China Mobile will emphasize value-oriented operating practices and drive product innovation, striving to achieve stable and healthy mobile ARPU growth in 2022.

China Mobile has 249 million wireline broadband customers, with a quarterly increase of 8.99 million. The total number of residential broadband customers was 225 million, with a quarterly increase of 7.27 million.

China Mobile’s wireline broadband ARPU increased 1.8% to 32.4 RMB. Household broadband blended ARPU increased 5.3% to RMB 37.8.

China Mobile’s telecommunications service revenue increased 9.1% to RMB 193.8 billion in the first quarter of 2022. China Mobile’s revenue from product sales and other increased 61.6% to RMB 33.5 billion, mainly due to handset sales growth.

EBITDA as a percentage of telecommunications services revenue was 39.3%. China Mobile expects its network operating and support expenses to grow at a high rate due to the large-scale operation of 5G.

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Casey J. Nelson