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China Mobile 2012 profit rises just 2.7 percent

Published on NewsOK Modified: March 14, 2013 at 3:08 am •  Published: March 14, 2013

The company said it has been working to speed up the roll out of its faster fourth-generation TD-LTE, or "long-term evolution," network technology, which may be able to support new iPhone models.

The company said it held trials in 15 cities last year. Xi told delegates to a mobile phone conference in Barcelona last month that he expects the 4G network to be rolled out to 100 cities by the end of the year, according to news reports.

China Mobile said it added 60.7 million new subscriber accounts last year, bringing the total to 710 million.