China Stocks: China Mobile (CHL) (1997)

China Mobile Limited (NYSE:CHL), a company of China Mobile Communications Group, was founded in 1997. Its predecessor was China Mobile (Hong Kong) Limited. It was changed to its current name in May 2006 and is a subsidiary of China Mobile Hong Kong (BVI) Limited. The company, headquartered in Hong Kong Central, has 241,550 full-time employees, and was listed on the New York Stock Exchange and the Hong Kong Stock Exchange on October 22 and 23, 1997, respectively. China Mobile is the largest mobile communication service provider in Mainland China, with the world’s largest mobile communication user base and the world’s largest integrated continuous coverage all-digital network.

China Mobile Limited CHL Logo

China Mobile (CHL):

  • On November 18, 1987, the first analog cellular mobile phone system was completed and put into commercial use in Guangdong Province.
  • On March 26, 1994, the Mobile Communications Bureau of the Ministry of Posts and Telecommunications was established.
  • In 1995, the GSM digital telephone network was officially opened.
  • In 1996, mobile phones realized national roaming and began to provide international roaming services.
  • On July 17, 1997, China Mobile’s 10 millionth mobile phone customer was born in Jiangsu.
  • On October 22 and 23, 1997, the assets of Guangdong Mobile Communications and Zhejiang Mobile Communications were injected into China Telecom (Hong Kong) Co., Ltd. (later renamed China Mobile (Hong Kong) Co., Ltd.) and listed in New York and Hong Kong respectively.
  • At the end of April 1999, in accordance with the “China Telecom Reorganization Plan” approved by the State Council, the division of mobile communications was launched.
  • On April 20, 2000, China Mobile Communications Corporation was formally established.
  • At the end of 2000, China Mobile’s switching capacity exceeded 100 million households.
  • On February 20, 2001, at the Sixth Global GSM Annual Conference in Cannes, France, Li Mofang, Chief Engineer of China Mobile Communications Corporation, won the “GSM Alliance Outstanding Contribution Award”.
  • On September 14, 2001, the Guangzhou International Bureau of China Mobile Communications successfully cut the access network, which marked the official opening of China Mobile’s first international communications gateway.
  • From January 22 to 24, 2002, China Mobile Communications Corporation held a working conference, and proposed the implementation of the strategic focus of “leading services and business”.
  • On March 5, 2002, China Mobile and South Korea’s KTF formally signed a bilateral GSM-CDMA automatic roaming agreement in Beijing, realizing automatic roaming between GSM-CDMA.
  • On May 17, 2002, China Mobile took the lead in officially launching GPRS services nationwide. On November 18th, China Mobile and AT&T Wireless jointly announced that the two companies’ GPRS international roaming services have officially opened.
  • On May 20, 2002, China Mobile’s service team to South Korea arrived in South Korea to provide GSM-CDMA original number roaming service for China Mobile customers watching the Korea-Japan Football World Cup. This is the first time China Mobile has gone abroad to provide on-site mobile communication services.
  • On July 21, 2004, China Mobile Communications Corporation officially became a mobile communications service partner for the Beijing 2008 Olympic Games.
  • In 2004, China Mobile Communications Corporation’s net asset value reached 233.161 billion yuan, and its net profit reached 42.004 billion yuan.
  • In October 2005, China Mobile Communications Corporation announced the acquisition of Hong Kong mobile telecommunications company PEOPLES (China Resources Wanzhong Telephone), which has now become its wholly-owned subsidiary and changed its name to China Mobile Wanzhong Telephone Co., Ltd.
  • On January 22, 2007, China Mobile announced that it had signed an agreement with Millicom International Cellular SA to acquire 88.86% of the issued shares of Paktel Limited held by it. The agreement, this acquisition, is a major breakthrough for Chinese communication operators to implement the “going out” strategy.
  • On February 14, 2007, China Mobile Communications announced that it had successfully completed the acquisition of Mi Leikang.
  • On May 23, 2008, China Railcom Group Co., Ltd. merged into China Mobile Communications Group Corporation and became its wholly-owned subsidiary, maintaining relatively independent operations.
  • On February 25, 2008, China Mobile released the 2007 Corporate Social Responsibility Report, implemented five major responsibility projects, and pursued “Harmonious and Common Growth”.
  • On March 3, 2008, the signing ceremony of the strategic cooperation agreement between the Ministry of Railways and China Mobile.
  • On April 1, 2008, China Mobile opened No. 157 in eight cities across the country, and started TD-SCDMA social testing and commercial trial work.
  • On May 8, 2008, China Mobile built the world’s highest mobile base station and business hall in the Everest Base Camp in the Tibet Autonomous Region.
  • On May 23, 2008, China Mobile Communications Corporation notified that it was operating independently.
  • In September 2008, China Mobile became the first company in mainland China to be included in the Dow Jones Sustainability Indexes.

For more information about China Mobile, please refer to Baidu Encyclopedia

China Mobile (CHL) investment:

After March 2012, no company has made a rating or rating adjustment to China Mobile. It can be followed with China Unicom and China Telecom .

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