China Mobile, the largest mobile telecom carrier in China, on March 15 released its 2011 financial report, posting basic EPS of CNY6.27 (US$0.97).

The total number of subscribers increased by 65.55 million in 2011 to 650 million at the end of the year, including over 51 million 3G (TD-SCDMA) subscribers, China Mobile indicated.

Revenues from data business operation rose 15.4% from 2010 and accounted for 26.4% of total operating revenues, the company said.
China Mobile has set a capex budget of CNY131.9 billion for 2012, with 41% earmarked for mobile networks.
In order to facilitate operation of TD-LTE, China Mobile plans to set up 20,000 base stations in 2012 and upgrade a portion of 3G base stations to support TD-LTE in 2013, aiming to reach a total of 200,000 TD-LTE base stations around China in three years