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China Mobile history
China Mobile company history timeline
China Mobile Limited (the “Company”, and together with its subsidiaries, the “Group”) was incorporated in Hong Kong on 3 September 1997.
The company was founded on September 3, 1997 and is headquartered in Hong Kong.“
The Company was listed on the New York Stock Exchange (“NYSE”) and The Stock Exchange of Hong Kong Limited (“HKEX” or the “Hong Kong Stock Exchange”) on 22 October 1997 and 23 October 1997, respectively.
1997: China Telecom's network becomes the world's second largest fixed-line telephone network, with more than 100 million lines.
In March 1998, the government had passed a telecommunications law that changed the regulatory structure and allowed more competition in the industry.
Business was good, with revenues for the first three quarters of 1998 at US$20 billion.
More than 20.8 million new customers joined in 1998, including 7.7 million cellular-phone customers.
In May 1999, China Telecom's paging division, Guoxin Paging, was handed over to China Unicom.
The First Breakup: 1999
The breaking up of the company finally began in 1999 and took more than two years to complete.
Part of the company's goal was to enhance the nationwide transmission network as well, as the actual number of telephone users for the year 2000 turned out to be more than twice the projected number.
In 2000, the mobile operations were spun into a separate company called China Mobile, and soon became the second largest mobile network in the world.
2002: China Telecom is reorganized into China Netcom Communication Group Corporation in the Northern provinces and China Telecom Corporation in the Southern provinces.
China Telecom (Hong Kong) Limited completed an equity offering of approximately US$2 billion and an offering of global notes of US$600 million due 2004.
China Mobile (Hong Kong) Limited completed an equity offering of approximately US$6.865 billion and an offering of convertible notes of US$690 million due 2005.
In May 2008, the company took over China Tietong, a fixed-line telecom and the then third-largest broadband ISP in China adding Internet services to its core business of mobile services.
On 7 May 2021, the NYSE filed a Form 25 with the US Securities and Exchange Commission (the “US SEC”) to strike the Company’s ADSs from listing and registration, which have taken effect on 18 May 2021.
As of 31 December 2021, the Group had a total of 449,934 employees, and a total of 957 million mobile customers and 240 million wireline broadband customers, with its annual revenue totalling RMB848.3 billion.
In December 2021, China Mobile announced that its international arm would cease operations in Canada due to national security concerns by the Canadian government.
The China Mobile brand was once again listed in BrandZ™ Top 100 Most Valuable Global Brands 2021 by Millward Brown ranking 68.
In 2021, the Company was once again selected as one of The Global 2,000 World’s Largest Public Companies by Forbes magazine and Fortune Global 500 by Fortune magazine.
On 5 January 2022, the Company’s RMB ordinary shares (“RMB Shares” or “A-Shares”) were listed on the Main Board of Shanghai Stock Exchange (“SSE”).
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China Mobile competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| China Telecom Global | 1995 | $52.2 | 287,076 | - |
| Syniverse | 1987 | $761.0M | 1,401 | - |
| China Telecom Americas | 2002 | $244.2M | 443 | 1 |
| China Unicom Americas | 2003 | $7.9M | 246 | 4 |
| Award Solutions | 1997 | $7.0M | 50 | - |
| IDEA'S | 1981 | $5.5B | 13,520 | 4 |
| Georgia Business Net | 1995 | $1.6M | 10 | - |
| Nepal | - | $2.8B | 5,400 | - |
| Global Connect | 2002 | - | 176 | 31 |
China Mobile history FAQs
Zippia gives an in-depth look into the details of China Mobile, including salaries, political affiliations, employee data, and more, in order to inform job seekers about China Mobile. The employee data is based on information from people who have self-reported their past or current employments at China Mobile. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by China Mobile. The data presented on this page does not represent the view of China Mobile and its employees or that of Zippia.
China Mobile may also be known as or be related to China Mobile.