Analysts have confirmed that this is what Hannah Montana was alluding to when she said "You get the best of both worlds."
AT&T provides business and residential solutions, but the carrier has lost out on smartphone plan revenue to Verizon. AT&T is growing its 4G LTE wireless Internet service to compete, but Verizon has its own growth prospects as well. The broadband provider predicts big growth for wireless, broadband and cloud services. Verizon has also netted $1.34 billion in payments for government contracts - a continuing revenue stream.
It's no different In China
On the other side of the pond, China Mobile Ltd. (ADR) (NYSE:CHL) has been doing its thing for years. The Chinese holding company has a 63% market share of mobile phones. It's in a rival competition with another Chinese carrier, China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU), similar to the stand-off between AT&T and Verizon.
But here's the problem: China Mobile Ltd. (ADR) (NYSE:CHL) has lost 11% of its market share since 2008 - with similar results for 3G Internet subscribers. Even while China Mobile Ltd. (ADR) (NYSE:CHL) has grown its revenue significantly since then, China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) is expanding even faster. China Mobile Ltd. (ADR) (NYSE:CHL) is starting to look more like the AT&T of China and slowly losing out.
But not quite
The telecommunications business is a lot like farming, oddly enough. There is a long period of sowing, and then a long period of reaping the rewards. Heavy investment in 3/4G and wired lines are paying off for Verizon right now. The key is to constantly have technology innovation and expansion, which China Mobile is definitely working on.
The Asian mobile carrier is spending 41.7 billion Yuan on developing its 4G network, and 27 billion on handset subsidies. It is also spending on fiber-optic installations to provide broadband Internet service. The company seems to be taking the best innovations of both AT&T and Verizon and combining them. I believe the results will be phenomenal. Solid growth in China, along with a competitive advantage of wired broadband and 4G will put market share back into the hands of China Mobile.
Hard to find ...2005-08-17 00:42:12 by binglecat
Underwear if you are bigger than the average chinese guy ... or girl ... Bring 1 dollars bills and you will make plenty of friends in the bars.. . everthing else is super cheap .. Waton's stores have most of your medications too . If u can try to make some internet friends in China ... many of them can speak english and are happy to meet a nice foriegner. Ive been hosted by a few different chinese familys.. and sometimes go for days being invited to dinner and drinks without even being given a chance to pay ... Also if you have a tri- band mobile phone you can slip in a chinese Sim card and your phone will work here !
SK hynix expects fire-damaged China chip plant to be fully operational next month — GlobalPost
The facility produces dynamic random access memory (DRAM) chips, used to store data on personal computers and mobile devices such as smartphones and tablets.
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