China’s Mobile Carriers Lose 21 Million Users as Virus Bites

[dasari4kntr]

source : https://www.bloomberg.com/news/articles/2020-03-23/china-s-mobile-carriers-lose-15-million-users-as-virus-bites

 

China’s wireless carriers are reporting drops in users as the coronavirus crisis cuts business activity, with China Mobile Ltd., the world’s largest carrier, reporting its first net decline since starting to report monthly data in 2000.

China Mobile subscriptions fell by more than 8 million over January and February, data on the company’s website show. China Unicom Hong Kong Ltd. subscribers fell by 7.8 million in the period, while China Telecom Corp. has said it lost 5.6 million users last month.

The rare industrywide slump in subscribers shows the pandemic crisis that first emerged in China late last year is crimping growth even at businesses that provide essential services and earn monthly revenue.

Part of the drop could be caused by migrant workers -- who often have one subscription for where they work and another for their home region -- canceling their work-region account after the virus prevented them from returning to work after the Lunar New Year holidays that began in late January, said Chris Lane, an analyst at Sanford C. Bernstein & Co.

China Mobile shares fell 2.7% in Hong Kong trading Monday, compared with a 4.9% slump for the benchmark Hang Seng Index. China Telecom slid 6.3%, while China Unicom declined 6.4%.

While the drop in users is unusual, the total is small relative to total wireless subscriptions which have risen to a combined 1.6 billion for the three carriers.

Things may improve starting this month as work in factories and other businesses in China resumes, Lane said.

Net income fell 9.5% last year at China Mobile, partly on government mandates to cut prices and improve service. The company, which reported earnings last week, told analysts revenue would remain stable this year, a sign management was not worried about the fall in subscribers, Lane said.

[Android_Halwa]

Already exhausted market lo 21 million users are up for grab again..

[ShruteSastry]

Most of them might be dead.

[karthik25]

Journalsit Sai oka video lo 81 lakhs ani cheppadu

[tacobell fan]

2 minutes ago, ShruteSastry said:

Most of them might be dead.

[ShruteSastry]

2 minutes ago, karthik25 said:

Journalsit Sai oka video lo 81 lakhs ani cheppadu

He was referring to this.

https://ezone.ulifestyle.com.hk/article/2596539/23 年首次大幅下降 中國移動流失 725 萬用戶惹猜疑

[bhaigan]

6 minutes ago, ShruteSastry said:

Most of them might be dead.

you are wrong

[ShruteSastry]

Just now, bhaigan said:

you are wrong

Wrong aithe Manchidi Bro, Im not hoping to be right. 

Otherwise Datamodels ani tirugutunna countries anni naaki pothay. Hopefully their numbers are right.

[dasari4kntr]

 

[bhaigan]

Just now, dasari4kntr said:

 

blame game starts

[ShruteSastry]

1 minute ago, bhaigan said:

blame game starts

Em Matladutunnav Saami, Ne Perspective ento cheppu kadaa? 

[Vaampire]

Mundamopi chinnkky gallu motham M kudipi inka kooda cover up ki transfer chesthunnaru. 
 

maa chinky colleague aithey 100k people easy ga poyaru antunadu. Vaadu wuhan nunchi

[bhaigan]

 

 

[bhaigan]

 

 

[bhaigan]