: 941
2000 89 78 500 16 5 IT 100 7 50 BRANDZ 100 5
TM
2 3 4 6 7 13 18 23 31 42 51 52 65 68 69 70 72 73 74 76 142 144
412,343 EBITDA EBITDA 216,487 52.5% 112,793 27.4% 5.63 — — — — — — — 1.404 – 2.743 1.339 –
356,959 194,003 54.3% 87,062 24.4% 4.35
15.5% 11.6%
29.6%
29.4%
0.837 0.085 1.160 0.016 2.098
2
500 2000 Indexes A1/ • Dow Jones Sustainability A+/
138,368 72.4% GPRS GSM 179
4.5725 237
(BVI) 74.25% 25.75%
3
1997
9 3 10 22 23
42
1998
6 4
2000
6 28
1999
11 2
20 6 2004
10
4
Vodafone Group Plc. Vodafone Group Plc. 25
11 11 12
6.9
3
68.65 2005 125
11
13
2001
6 18
50 23 2001 10
2002
7 1 10 28
80
4
2003
1 22
80
2004
7 1
2005
11 10
Fit Best Limited
11
5
2006
3 28
2007
10 22
10
5
29
23
6
8
5
99 60
852 3121 8888 852 2511 9092 www.chinamobileltd.com 941 CHL CUSIP 16941M109
17
183 1712–1716
Nicholas Jonathan READ Depositary Receipts 101 Barclay Street, 22/F New York, NY 10286 USA 1 888 269 2377
20-F
20-F
99 60
ACS, ACIS
CPA, FCCA
Depositary Receipts 101 Barclay Street, 22/F New York, NY 10286 USA
6
1.
6.
2.
7.
3.
8.
4.
9.
5.
8 6
5
3 1
2
4
7 9
7
1. 60
31
2. 50
27
3. 50
33
8
4. 49
27
5. 53
EMBA 29
6. 54
EMBA
33
9
7. 51
26
8.
45
26
9.
52
EMBA
10
10. 52
31
11. Nicholas Jonathan Read 44 Vodafone Vodafone Essar Towers Limited Australia Limited Vodafone Qatar Limited Read Vodafone UK Vodafone UK Worldwide Read University Telecom Plc
Nicholas Jonathan Read
Read Vodafone Essar Limited Vodafone Egypt Communications Limited JIL BV Vodafone UK Read Vodafone Read Miller Freeman Vodafone
Vodafone Federal Express EMEA
Manchester Metropolitan Read Emtel Europe Plc Mobile
12. 62
City-e-Solutions Limited
29
11
13. 61 PSA
JP
Galleon Group, NY
Galleon Asia Pte Ltd
14. 59
ARA Asset Management Limited Kader Holdings Company Limited
12
13
4,123.43
15.5% 1,127.93 29.6%
27.4% 52.5% 29.4%
EBITDA 11.6% EBITDA 5.63
2,164.87 23.8% WAP 27.5%
Mobile Market TD-SCDMA TD-SCDMA
730 4.57
24,413.1 492 83 (ARPU)
(MOU)
ARPU
MOU
14
233
2G 39 98% 99.2% GSM GPRS 237 179 381
IT 100 BRANDZ 100 A+/ A1/
TM
11%
•
43% 1.404
15
1.339 43%
2.743 TD-SCDMA SCDMA TD-SCDMA
TD-SCDMA 3G
3G TD-
TD-SCDMA 43% TD-SCDMA
TD-SCDMA 3G
Paul Michael Donovan Paul Michael Donovan
Nicholas Jonathan Read Read
3G
3G
(3G)
16
2G
2G 2G 2G 3G 3G TD-SCDMA LTE 3G
17
1.
48.5%
45,725.0 8,791.1 730
18
2.
143.80 WAP 139 3G WAP 28.78 129.91
1,134.44 23.8% 27.5%
503.84 16.6 WAP
6,071.3
19
3.
3G
3G 3G TD-SCDMA 3G 238 70% 3G 100% TD-SCDMA 2G/3G TD-LTE FDD-LTE 16 3G 3G TD-SCDMA
3G
3G 3G 3G
4.
1,363
20
2G/3G 1,339 1.404 2.743 58% 18% 7% 6% 43%
43%
1.339
24% 70% 2G/3G 24% 21% 9%
2G 43% 9%
5.
45,725.0 34.2% 6,071.3 20.8% 27.5% 1.8 41,976.4 1,134.44
23.8% 20.1% 23.8%
24,413.1
2008
2007
457.3 87.9 2,441.3 (MOU) (ARPU) / / * / / 492 83 607.1 1,350 WAP MB 13.3 33.1
369.3 68.1 1,818.9 455 89 502.7 779 5.3 14.3
*
48.5%
45,725.0 730 72.4%
8,791.1
24
233 28.1% ARPU MOU
25
16.6 WAP 143.80 24,413.1 (MOU) 455 8.1% 89 13.5 7,600 4,149 1,134.44 23.8% 27.5% 3G 503.84 6,071.3 139 1,000 3,724 5,273 492 (ARPU) 83 34.2% 129.91 WAP 139 WAP 28.78
26
2G/3G 1,339 1,105 76% 390,000 2G/3G 70% 2G 1,310
98% 0.62%
99.20% 99.35%
47,000
81.31%
1,363
2007 IP
11%
11.7 17.5
27
2.1 2,135 91 11 395
3G
3G TD-SCDMA 3G 238 70% 16 2G/3G 100% 3G 3G 3G
3G 3G 3G
3G
3G TD-SCDMA
28
TD-SCDMA FDD-LTE
TD-LTE
LTE
29
4,123.43 1,127.93 29.6% 11.6% 27.4% EBITDA 5.63
15.5% 2,164.87 29.4%
2008
2007 %
412,343 278,985 113,444 19,914
356,959 247,344 91,609 18,006
15.5 12.8 23.8 10.6
269,728 2,641 22,264 71,509 19,960 153,354
232,891 2,330 21,500 67,354 18,277 123,430
15.8 13.3 3.6 6.2 9.2 24.2
142,615 2,159 112,793 EBITDA
1
124,068 2,323 87,062 194,003 4.35
14.9 (7.1) 29.6 11.6 29.4
216,487 5.63
1
EBITDA
32
2008
2007 %
240,170 417,527
207,635 355,858
15.7 17.3
657,697
563,493
16.7
180,573 34,217
154,953 34,301
16.5 (0.2)
214,790
189,254
13.5
629
488
28.9
442,278
373,751
18.3
2008
2007 %
193,647
168,612
14.8
(139,026)
(123,039)
13.0
(45,684)
(37,276)
22.6
2
57,355
63,473
(9.6)
3
218,259
188,544
15.8
2
3
33
1,127.93 29.6% EBITDA EBITDA 2,164.87 52.5% 29.4% 27.4% 11.6% 5.63
4,123.43 15.5% 1,134.44 23.8% 27.5% 573.55 1,936.47
2,697.28 15.8%
34
4,123.43 15.5%
730
24,413.1 34.2%
1,134.44 412.94 80.8% WAP
27.5% 503.84
35
2,697.28 65.4% 54.3 0.110
15.8% 6.7% 13.7%
36
7.64
41.55
20.9%
37
16.83
138,368
299.24
267,394 101.56
1.06%
32.42
38
EBITDA
EBITDA 27.4% 1,426.15 1,127.93 5.63 52.5% EBITDA 2,164.87
1,936.47 573.55 2,182.59 99.1% 0.6% 0.3%
39
94 357.32 7.5%
A/ 33.9% 66.1% 4.61% 80.2% A+/ A1/
40
43% 1.404 1.339 43% 2.743
43%
41
•
•
•
31
42
•
•
• 25,825 6,260
(BVI) 74.25% 25.75%
43
Nicholas Jonathan READ 88 8 12
• 99.9280% Paul Michael DONOVAN • 94.0963% • 99.9111% 99.8031% Nicholas Jonathan READ
44
57
Paul Michael DONOVAN
8
12
20-F
IT
–
404
45
Nicholas Jonathan READ
46
8
12
20-F
25,825
6,260
47
5 404 2008 2007
1 2
76 3
404
78 5
1
2
404
• • 2008
•
404
2008–2010 •
48
404 (Committee of Sponsoring Organizations of the Treadway Commission) — 3b-4
IT
303A.11
303A.01
49
303A.03
303A.12(a)
303A.04 /
303A.07
303A.10
50
3G
eHR Universum Communications
40 86 3G 3G 9,776
51
30% 12% 35%
5%
19
20
21
69 141
52
43% 1.404 43% 43% 1.339 2.743
124,848,016
69,961,530
15
37
32
37
53
Paul Michael DONOVAN Nicholas Jonathan READ 97 101 Nicholas Jonathan READ 8 12
Nicholas Jonathan READ XV
54
180,000 260,000 1,457,000 759,000 1,193,000 1,193,000 1,181,000
13.51(2)
352
55
10%
10%
1,487,811,613 7.42% 1% 1
(i) (ii) (iii)
56
475,000 970,000 154,000 780,000 154,000 780,000 80,000 154,000 780,000 75,000 82,575 780,000 75,000 82,600 141,500 70,000 117,000 254,000 400,000 400,000 400,000
475,000 970,000 154,000 780,000 154,000 780,000 – 154,000 780,000 25,000 82,575 780,000 – 82,600 141,500 – 117,000 254,000 400,000 400,000 400,000
2004 2005 2004 2005 2004 2005 2002 2004 2005 2002 2004 2005 2002 2004 2005 2002 2004 2005 2005 2005 2005
12 11 10 11 10 11 7 10 11 7 10 11 7 10 11 7 10 11 11 11 11
21 8 28 8 28 8 3 28 8 3 28 8 3 28 8 3 28 8 8 8 8
– – – – – – – – – – – – – – – – – – – – –
– – – – – – 80,000 – – 50,000 – – 75,000 – – 70,000 – – – – –
26.75 34.87 22.75 34.87 22.75 34.87 22.85 22.75 34.87 22.85 22.75 34.87 22.85 22.75 34.87 22.85 22.75 34.87 34.87 34.87 34.87
57,278,204 123,658,660 268,535,750
38,989,104 120,405,339 267,725,370 434,049,488
2002 2004 2005 10
7 11
3 28 8
20,750 57,800 75,610
18,268,350 3,195,521 734,770
22.85 22.75 34.87
(a)
57
(a) (b) (c)
2.16%
50% 50% 40% 30% 30% 40% 30% 30% 40% 30% 30%
2008 2008 2008
1 1 1
2 2 2
2008 2008 2008
12 12 12
31 31 31
22.85 22.75 34.87
107.52 105.71 107.61
423,715,547.50 72,698,102.75 25,621,429.90
18,543,350 3,195,521 734,770
58
Aspire Holdings Limited
Aspire
Aspire Aspire
Aspire Aspire Aspire Aspire Aspire Aspire 10% 93,964,582 Aspire Aspire Aspire Aspire 1% 1.00 Aspire 10% Aspire Aspire Aspire 10% Aspire Aspire Aspire Aspire Aspire Aspire Aspire Aspire
(i) (ii)
0.298 Aspire Aspire Aspire Aspire Aspire Aspire / Aspire Aspire 10% Aspire 20% (i) (ii) 0.182
(a) Aspire (b) 50%
50% Aspire (ii) Aspire 50%
(i)
Aspire
59
Aspire
Aspire
Aspire
Aspire Aspire
* *
2,800,000 6,095,000 300,000 1,740,000 1,460,000 285,000
– 5,645,000 170,000 1,740,000 1,460,000 285,000
2003 2003 2003 2003 2004 2004
2 2 4 9 3 5
18 18 18 16 18 28
2 3 3 3 3 3
2,800,000 450,000 130,000 – – –
0.182 0.298 0.298 0.298 0.298 0.298
9,300,000
1
*
Aspire
Aspire
(1) (2) (a) — (i) (ii) — (b) (3) (a) — (i) (ii) — (b) 50% 50% Aspire 50% 50% 50% Aspire 50%
Aspire
0.99%
60
Aspire 3,380,000 Aspire
Aspire
Aspire
(i) Aspire (iii)
(ii)
Aspire
70,000 4.55
61
5%
(i) (ii)
–
14,890,116,842
74.25%
– (iii) BVI BVI 14,890,116,842
14,890,116,842
74.25%
–
(BVI)
74.25%
(BVI)
336 5%
38
(1)
14
(2) 43.5
62
(1)
(2) 2008 2010 2008 2008 2010
2010 2008 32 2010 42 2008 2010 43.5
(i) (ii) (iii)
(A) (B) (C) (D) 62 63
14.07 TD-SCDMA TD-SCDMA
0.1%
TD-SCDMA
63
32
142
143
35
64
88
(1) (2) (3)
65
(i) (iii)
(ii)
(1) (2) (3)
66
36
99
60
1.404
183
17
1712
1716
67
69
141
141
68
2008
2007
3 260,889 18,096 113,444 19,914 412,343 226,488 20,856 91,609 18,006 356,959
15(a) 4 5
2,641 22,264 71,509 19,960 153,354 269,728 142,615 2,159 517 6,002 (1,550) 149,743 (36,789) 112,954
2,330 21,500 67,354 18,277 123,430 232,891 124,068 2,323 657 4,015 (1,825) 129,238 (42,059) 87,179
6 7 8
11(a)
112,793 161 112,954 / 13(a) 13(a) 13(a) 13(a) 23,532 – 24,832 – 48,364
87,062 117 87,179
16,178 1,643 21,762 300 39,883
14(a) 14(b) 76 141
5.63 5.54
4.35 4.28
69
2008
2007
15(a) 16 17 18 20 21 22 23
327,783 35,482 10,102 36,894 298 – 7 6,884 77 417,527
257,170 47,420 8,383 36,894 469 – – 5,445 77 355,858
24 25 26 26 27 11(c) 28 29
3,494 6,913 3,715 7,641 109 39 130,833 87,426 240,170
3,295 6,985 2,929 5,680 78 124 109,685 78,859 207,635
30 31 33 27 27 34 11(c)
79,606 2,111 26,089 61,292 6 118 68 11,283 180,573 59,597 477,124
63,927 1,853 23,762 50,860 26 196 68 14,261 154,953 52,682 408,540
32(a) 31 22
(33,553) (584) (80) (34,217) 442,907
(33,582) (597) (122) (34,301) 374,239
70
2008
2007
37(a) 2,138 440,140 2,136 371,615
442,278 629
373,751 488
442,907
374,239
76
141
71
2008
2007
15(b) 19 21
6 476,782 7 476,795
4 476,568 – 476,572
19 29
34,293 8 489 34,790
23,215 69 6,893 30,177
27
28 118 146 34,644 511,439
17 196 213 29,964 506,536
19 32(b)
(9,920) (23,633) (33,553) 477,886
(9,949) (23,633) (33,582) 472,954
37(b) 2,138 475,748 477,886 2,136 470,818 472,954
76
141
72
2008
2007
1
1
374,239
319,373
37(a)
(393)
(645)
37(a)
112,954
87,179
112,561
86,534
112,400 161
86,417 117
112,561
86,534
37(a)
(44,580)
(34,088)
37(a) 37(a) 37(a)
2 463 222
6 1,608 806
687
2,420
12
31
442,907
374,239
76
141
73
2008
2007
149,743 — — — — — — — — — — — 8 7 4 7 5 5 5 15(a) 5 71,509 204 279 (8) 3,250 4,385 (6,002) 1,550 (15) 222 32
129,238 67,354 258 322 (11) 2,788 3,872 (4,015) 1,825 (31) 806 22
225,149 (199) (4,309) / / / 270 (1,961) (31) 3,245 4 2,314 10,344 (20)
202,428 (288) (3,679) (320) (1,067) 227 796 (46) 1,606 4,730 (103)
234,806 — — (96) (41,063)
204,284 (12) (35,660)
193,647
168,612
74
2008
2007
193,647
168,612
7
(120,816) (1,998) (37) 22 (21,148) 4,943 (7) 15 (139,026)
(98,523) (1,028) (28) 20 (27,391) 3,880 – 31 (123,039)
37(c)(ii)
13 37(a)
465 – (1,569) (44,560) (20) (45,684)
1,614 (3,000) (1,802) (34,088) – (37,276)
8,937 78,859 (370) 29 87,426
8,297 71,167 (605) 78,859
42,933,000,000 1,830,000,000
39,006,000,000
2,084,000,000
76
141
75
1
(a)
(b)
44
(c)
76
1
(c)
1(j)
(d)
1(j)
77
1
(e)
1(j)
(f)
(i) 1(j) (ii) 1(j) 2 15
(g)
1(j) / /
78
1
(h)
1(j)
8 5 4
35 10 18
(i)
(i)
79
1
(i)
(ii)
1(h) 1(j)
(iii)
(j)
(i)
— — — — —
80
1
(j)
(i)
—
—
(ii)
— — — — — —
81
1
(j)
(ii)
(i)
(ii)
(iii)
(iii) / 34 — 1(j)(i) (ii)
82
1
(k)
1(j)
(l)
(m)
1(j) 1(j)
(n)
(o)
(p)
83
1
(q)
(r)
(i) (ii) (iii) (iv) (v) SIM
(s)
84
1
(s)
—
—
— —
(t)
85
1
(u)
(i)
(ii)
/
(iii)
86
1
(v)
(w)
(x)
(i)
87
1
(x)
(ii) (iii) (iv)
(v)
(i)
(vi)
(y)
10% 10%
2
45
88
3
3%
4
2008 2007
17,829 1,909 222
15,963 1,508 806
19,960
18,277
89
5
2008 2007
66,886 25,761 4,385 6 204 — — 1 5,723 2,591 (8) 3,250 — — — 5 2 3 4 76 – 3 44,477
55,995 18,106 3,872 4 258 4,283 2,537 (11) 2,788 78 – 5 35,515
153,354
123,430
1 2 17,800,000 3 4 55,000 — 404 — 404 18,500,000 53,000
5
90
6
SIM 2008 2007
SIM SIM
10,090 (7,931)
9,351 (7,028)
2,159
2,323
7
2008 2007
(32) 222 15 312
(22) 235 31 413
517
657
8
2008 2007
5
1,026 524
1,279 546
1,550
1,825
91
9
161
2008
180 103 180 180 180 180 180 180 180 180 505 440 440 Paul Michael DONOVAN 174
1,172 612 960 960 960 960 960 960 960 950 – – –
660 344 540 540 540 540 540 540 540 540 – – –
285 147 234 234 234 234 233 233 225 231 – – –
2,297 1,206 1,914 1,914 1,914 1,914 1,913 1,913 1,905 1,901 505 440 440
849 – 683 683 683 – 683 132 – 236 350 350 350
3,146 1,206 2,597 2,597 2,597 1,914 2,596 2,045 1,905 2,137 855 790 790
–
–
–
174
–
174
3,282
9,454
5,324
2,290
20,350
4,999
25,349
92
9
2007
180 180 180 180 48 180 180 180 180 94 505 440 440 Paul Michael DONOVAN 180
1,172 960 960 960 260 960 960 960 928 497 – – – –
660 540 540 540 147 540 540 540 540 280 – – – –
270 230 230 232 63 222 222 217 221 246 – – – –
2,282 1,910 1,910 1,912 518 1,902 1,902 1,897 1,869 1,117 505 440 440 180
2,773 2,013 2,013 2,013 – 1,933 459 – 783 1,154 936 936 936 –
5,055 3,923 3,923 3,925 518 3,835 2,361 1,897 2,652 2,271 1,441 1,376 1,376 180
3,147
8,617
4,867
2,153
18,784
15,949
34,733
/ 1(u)(ii) 36
2
93
10
9
11
(a)
2008 2007
74 38,216 (24)
72 40,473 (91)
38,266 22 (1,477)
40,454 1,605
36,789
42,059
(i) 16.5% 16.5% (ii) 25% 15% 18% 20% 22% 24% 33% 17.5%
17.5%
25%
94
11
(b)
2008 2007
149,743
129,238
37,436 — (16) 653 261 (874) 96 – (6) (24) (644) (93)
42,649 (64) 816 254 (2,315) 157 1,513 – (91) (788) (72)
36,789
42,059
(c)
2008 2007
38,192 74 (124) – (26,853) (45)
40,382 72 (459) (9) (25,837) (12)
12
31
11,244 39
14,137 124
11,283
14,261
95
12
1,086,000,000 1,070,000,000
2008
2007
(1,086) 50,201
(1,070) 51,467
37(b)
49,115
50,397
13
(a)
2008 2007
1.339 1.177 0.816 2007 0.083 1.404 1.238 1.086 2007 0.016 0.015 2007 1.160 24,832 – 21,762 300 0.085 – 1,643 2007 0.837 23,532 16,178
48,364
39,883
1
=
0.88189
96
13
(b)
2008 2007
1.160 2007 0.016 2007 0.069 0.763
1.086 0.767 0.015 0.069 286 1,349 20,742 14,918
21,028
16,267
14
(a)
112,793,000,000 87,062,000,000 20,005,123,269 20,043,933,958
2008
2007
1
1
20,031,905,590 12,028,368
19,967,815,140 37,308,129
12
31
20,043,933,958
20,005,123,269
97
14
(b)
112,793,000,000 87,062,000,000 20,356,125,657 20,339,428,112
2008
2007
12
31
20,043,933,958 312,191,699
20,005,123,269 334,304,843
12
31
20,356,125,657
20,339,428,112
98
15
(a)
2007
1
1
43,496 480 7,134 (6) (61) (2)
352,523 2,077 95,458 (14) (17,386) (161)
15,175 1,234 2,731 (21) (995) (5)
411,194 3,791 105,323 (41) (18,442) (168)
2007
12
31
51,041
432,497
18,119
501,657
2008
1
1
51,041 612 12,179 (1) (156) (1)
432,497 794 126,708 (1) (15,026) (135)
18,119 1,249 3,899 (95) (1,103) (4)
501,657 2,655 142,786 (97) (16,285) (140)
2008
12
31
63,674
544,837
22,065
630,576
99
15
(a)
2007
1
1
7,297 2,232 (1) (40) (1)
178,066 62,645 (12) (14,851) (96)
7,557 2,477 (19) (763) (4)
192,920 67,354 (32) (15,654) (101)
2007
12
31
9,487
225,752
9,248
244,487
2008
1
1
9,487 2,652 – (109) –
225,752 65,839 (1) (11,928) (83)
9,248 3,018 (82) (998) (2)
244,487 71,509 (83) (13,035) (85)
2008
12
31
12,030
279,579
11,184
302,793
2008
12
31
51,644
265,258
10,881
327,783
2007
12
31
41,554
206,745
8,871
257,170
100
15
(b)
2007
1
1
13 –
2007
12
31
13
2008
1
1
13 4
2008
12
31
17
2007
1
1
8 1
2007
12
31
9
2008
1
1
9 2
2008
12
31
11
2008
12
31
6
2007
12
31
4
101
15
(c)
2008
2007
3 14
3 16
17
19
3,272 46,706 1,649
3,002 37,302 1,231
51,627
41,535
51,644
41,554
16
2008
2007
1
1
47,420 130,849 (142,786) (1)
52,436 100,311 (105,323) (4)
12
31
35,482
47,420
102
17
2008
2007
1
1
12
31
36,894
36,894
/
36
—
/
14
0.5%
1%
10%
103
18
2007
1
1
184 – –
516 – –
378 31 (17)
1,078 31 (17)
2007
12
31
184
516
392
1,092
2008
1
1
184 – –
516 – –
392 37 (13)
1,092 37 (13)
2008
12
31
184
516
416
1,116
2007
1
1
– – –
170 173 –
208 85 (13)
378 258 (13)
2007
12
31
–
343
280
623
2008
1
1
– – –
343 173 –
280 31 (9)
623 204 (9)
2008
12
31
–
516
302
818
2008
12
31
184
–
114
298
2007
12
31
184
173
112
469
104
18
0.5% 10%
19
2008
2007
471,810 4,972
471,810 4,758
476,782
476,568
/
2
— 1(u)(ii) 4,972,000,000
4,758,000,000
32(c)
105
19
* 5,594,840,700
100%
–
100% * (BVI) 2,117,790,000 1 1 100%
–
–
– * (BVI) 2,800,000,000 1 1 100%
100%
–
– * (BVI) 5,247,480,000 1 1 100%
100%
–
– * (BVI) 4,367,733,641 1 1 100%
100%
–
– * (BVI) 1 643,000,000 1 100%
100%
–
– * (BVI) 6,124,696,053 1 1 100%
100%
–
106
19
– * (BVI) 6,038,667,706 1 1 100%
100%
–
– * (BVI) 2,151,035,483 1 1 100%
100%
–
– * (BVI) 4,314,668,600 1 1 100%
100%
–
– * (BVI) 5,140,126,680 1 1 100%
100%
–
– * (BVI) 6,341,851,146 1 1 100%
100%
–
– * (BVI) 2,340,750,100 1 1 100%
100%
–
– * (BVI) 4,099,495,494 1 1 100%
100%
–
– * 2,932,824,234
100%
107
19
(BVI)
1
1
100%
–
– * (BVI) 3,029,645,401 1 1 100%
100%
–
– * (BVI) 7,483,625,572 1 1 100%
100%
–
– * (BVI) 3,961,279,556 1 1 100%
100%
–
– * (BVI) 4,015,668,593 1 1 100%
100%
–
– * (BVI) 3,171,267,431 1 1 100%
100%
–
– * 2,773,448,313 1 (BVI) – * 2,862,621,870 1 100%
100%
–
100%
108
19
1 (BVI)
1
100%
–
– * 3,277,579,314 1 (BVI) – * (BVI) 4,500,508,035 1 1 100% 1 100%
100%
–
100%
–
– * (BVI) 2,541,981,749 1 1 100%
100%
–
– * (BVI) 4,137,130,733 1 1 100%
100%
–
– * (BVI) 1 848,643,686 1 100%
100%
–
– * (BVI) 1,702,599,589 1 1 100%
100%
–
– * 902,564,911
100%
109
19
(BVI)
1
1
100%
–
– * (BVI) 1 740,447,232 1 100%
100%
–
– * 2,581,599,600 1 (BVI) – * 160,232,500 1 100%
100%
–
100%
(BVI)
1
1
100%
–
– * 1,641,848,326 30,000,000 * 7,633,000 * Aspire Holdings Limited 93,964,583 66.41% – 100%
100%
–
100%
–
110
19
Aspire (BVI) Limited #
1,000 10,000,000
– –
100% 100%
*
#
5,000,000 *
#
–
100%
5,000,000 *
#
–
100%
3,800,000 **
–
51%
GSM 900/1800
Advanced Roaming & Clearing House Limited Fit Best Limited
2
100%
–
1
100% –
– 100%
356,947,689
* **
#
66.41%
111
20
2008
2007
–
–
30% 30%
112
21
2008
2007
7
–
JIL B.V.
33.33%
JIL B.V.
JIL B.V. JIL B.V. JIL B.V.
7,000,000 1,000,000 7,000,000 4,000,000
113
22
/
2008 1 1
/
12
2008 31
6 1,739 2,748 952
– – – –
(1) 110 1,180 150
– – – –
5 1,849 3,928 1,102
5,445
–
1,439
–
6,884
(36) (86)
– 5
20 13
– 4
(16) (64)
(122)
5
33
4
(80)
5,323
5
1,472
4
6,804
114
22
2007 1 1 / 12
2007 31
8 2,770 3,165 1,170
(1) (284) (307) (99)
(1) (747) (110) (119)
– – – –
6 1,739 2,748 952
7,113
(691)
(977)
–
5,445
(80) (112)
8 –
36 19
– 7
(36) (86)
(192)
8
55
7
(122)
6,921
(683)
(922)
7
5,323
2008
2007
6,884 (80)
5,445 (122)
12
31
6,804
5,323
115
23
2008
2007
—
77
77
24
SIM
25
(a)
2008
2007
30 31 61 90 60 90
4,713 1,212 769 219
4,986 1,058 713 228
6,913
6,985
116
25
(b)
2008
2007
1
1
3,974 4,382 (3,807) (1)
3,930 3,847 (3,803) –
12
31
4,548
3,974
(c)
2008
2007
6,265 648
6,386 599
6,913
6,985
117
26
27
/
/
32
28
150,000,000 132,000,000 15
495,000,000
29
2008
2007
2008
2007
—
2,992 84,434 87,426
8,359 70,500 78,859
452 37 489
6,775 118 6,893
118
30
2008
2007
1 2 4 7 10 3 6 9 12
57,483 5,566 7,098 5,134 4,325 79,606
45,119 6,048 5,165 3,091 4,504 63,927
31
2008
2007
1
1
24,359 180,794 (178,475) (5)
22,753 154,714 (153,102) (6) 24,359 (23,762) 597
12
31
26,673 (26,089) 584
119
32
(a)
2008 2007
9,920 23,633
9,949 23,633
33,553
33,582
(b)
2008 2007
23,633
23,633
(c)
(i) 5,000,000,000
100% (ii) 5,000,000,000 4.5% 100%
—
120
32
(d)
9,976,000,000 13,657,000,000 LIBOR 3.238% 5.418% 5.418% 5.408%
33
2008
2007
36,054 9,806 4,113 11,319
29,386 11,020 2,995 7,459
61,292
50,860
34
2008
2007
1
68
3
71
68
3
71
121
35
(a)
(b) 5% 20,000
36
10%
10% 1.00
(i) (ii) (iii)
122
36
(a)
2008
2007
— 2002
7
3
25,000
300,000
50% 50%
2 5 1 2 3 1 2 3 1 2 3
10
— 2004
10
28
744,175
744,175
40% 30% 30%
10
— 2004
12
21
475,000
475,000
40% 30% 30%
10
— 2005
11
8
5,685,500
5,685,500
40% 30% 30%
10
— 2002
7
3
38,989,104
57,278,204
50% 50%
2 5 1 2 3 1 2 3
10
— 2004
10
28
120,405,339
123,658,660
40% 30% 30%
10
— 2005
11
8
267,725,370
268,535,750
40% 30% 30%
10
434,049,488
456,677,289
123
36
(b)
2008
2007
1
1
30.04 23.23 28.71 –
456,677,289 (22,473,641) (154,160) – 434,049,488
29.66 25.89 26.78 41.33 30.04
527,163,459 (64,090,450) (584,970) (5,810,750) 456,677,289
12
31
30.40
12
31 30.40 434,049,488 28.93 370,929,489
107.98
94.04
22.75 22.75 34.87 6.3
34.87 7.2
124
37
(a)
2007 1 1 13(b) 13(a)
2,130 – –
383,807 – –
(292,634) – –
72 – –
(43) – –
66,961 – –
158,709 (16,267) (17,821)
319,002 (16,267) (17,821)
371 – –
319,373 (16,267) (17,821)
37(c)(ii)
6 – – – –
1,936 – – – –
(328) 806 – – –
– – – – –
– – – – (645)
– – – 17,879 –
– – 87,062 (17,879) –
1,614 806 87,062 – (645)
– – 117 – –
1,614 806 87,179 – (645)
2007 12 31
2,136
385,743
(292,156)
72
(688)
84,840
193,804
373,751
488
374,239
2008 1 1 13(b) 13(a)
2,136 – –
385,743 – –
(292,156) – –
72 – –
(688) – –
84,840 – –
193,804 (21,028) (23,532)
373,751 (21,028) (23,532)
488 – –
374,239 (21,028) (23,532)
–
–
–
–
–
–
–
–
(20)
(20)
37(c)(ii)
2 – – – –
494 – – – –
(31) 222 – – –
– – – – –
– – – – (393)
– – – 22,452 –
– 112,793 (22,452) –
465 222 112,793 – (393)
– – 161 – –
465 222 112,954 – (393)
2008 12 31
2,138
386,237
(291,965)
72
(1,081)
107,292
239,585
442,278
629
442,907
125
37
(b)
2007
1 13(b) 13(a)
1
2,130 – –
383,807 – – 1,936 – – –
3,031 – – (328) 806 – –
72 – – – – – –
– – – – – – (549)
65,734 (16,267) (17,821) – – 50,397 –
454,774 (16,267) (17,821) 1,614 806 50,397 (549)
37(c)(ii)
6 – – –
2007
12
31
2,136
385,743
3,509
72
(549)
82,043
472,954
2008
1 13(b) 13(a)
1
2,136 – –
385,743 – – 494 – – –
3,509 – – (31) 222 – –
72 – – – – – –
(549) – – – – – (310)
82,043 (21,028) (23,532) – – 49,115 –
472,954 (21,028) (23,532) 465 222 49,115 (310)
37(c)(ii)
2 – – –
2008
12
31
2,138
386,237
3,700
72
(859)
86,598
477,886
86,670,000,000 82,115,000,000
126
37
(c)
(i)
2008
2007
30,000,000,000
0.10
3,000
3,000
2008
2007
1
1
20,031,905,590
2,003
2,136
19,967,815,140
1,997
2,130
36
22,473,641
2
2
64,090,450
6
6
12
31
20,054,379,231
2,005
2,138
20,031,905,590
2,003
2,136
(ii) 22,473,641 64,090,450 1,659,000,000 2,000,000 520,000,000 1,608,000,000 31,000,000 1(u)(ii) 315,000,000 522,000,000 1,614,000,000 6,000,000 463,000,000 30,000,000 328,000,000 465,000,000 2,000,000 6,000,000 1,653,000,000
127
37
(d)
(i) 48B (ii)
—
1(u)(ii)
— 295,665,000,000 (iii)
10% 50% 10%
25%
51,019,000,000 45,019,000,000 27,000,000 (iv) 1(w)
39,794,000,000 23,000,000
56,250,000,000
128
37
(e)
7.5%
8.7%
38
(a)
2008
2007
(i) (ii) (iii) (iv) (iv) (iv) (v) (v) (v)
1,182 3,798 1,026 183 216 11 191 160 269
940 2,477 1,279 – – – – – –
129
38
(a)
(i)
(ii)
(iii) / (iv) /
(BVI)
—
/
—
(v) TD-SCDMA
TD-SCDMA
(b)
9
39
38
130
39
(a)
2008
2007
13,679 19,981 2,202
11,201 18,786 2,049
(b)
2008
2007
666 1,237
629 1,675
(c)
2008
2007
5,791
3,910
(d)
2008
2007
130,129 85,805
109,685 75,438
131
40
(a)
25
(b)
132
40
(b)
2008
79,606 2,111 61,292 6 118 — — 23,633 9,920 68
79,606 2,111 61,292 6 118 27,915 12,520 71
79,606 2,111 61,292 6 118 774 468 71
– – – – – 960 5,742 –
– – – – – 766 450 –
– – – – – 25,415 5,860 –
176,754
183,639
144,446
6,702
1,216
31,275
133
40
(b)
2007
63,927 1,853 50,860 26 196 — — 23,633 9,949 68
63,927 1,853 50,860 26 196 31,040 13,204 71
63,927 1,853 50,860 26 196 971 495 71
– – – – – 1,333 1,039 –
– – – – – 1,333 5,585 –
– – – – – 27,403 6,085 –
150,512
161,177
118,399
2,372
6,918
33,488
134
40
(b)
2008
28 9,920 118 23,633
28 12,520 118 27,915
28 468 118 774
– 5,742 – 960
– 450 – 766
– 5,860 – 25,415
33,699
40,581
1,388
6,702
1,216
31,275
2007
17 9,949 196 23,633
17 13,204 196 31,040
17 495 196 971
– 1,039 – 1,333
– 5,585 – 1,333
– 6,085 – 27,403
33,795
44,457
1,679
2,372
6,918
33,488
135
40
(c)
32
2008
2007
2008
2007
2001 2002
5.39% 4.37%
5,000 9,976 13,657
4.43% 5.42% 5.41%
5,000 9,976 13,657
– 4.37% 4.32%
– 9,976 13,657
– 5.42% 5.41%
– 9,976 13,657
2004 4.32%
/ / 1% / 37,500,000 LIBOR / 1% / 236,000,000
1%
37,500,000
/
1% 236,000,000
LIBOR /
218,259,000,000 188,544,000,000 4,015,000,000 / 1,641,000,000 2.95% / 1,433,000,000 6,002,000,000 2.35%
136
40
(c)
(d)
0.9% 4.3%
(e)
2008
2007
—
9,920
10,145
9,949
9,404
137
41
(a)
2008
2007
2008
2007
— —
2,863 12,488
2,642 10,346
– –
– –
15,351
12,988
–
–
— —
14,074 72,650
13,424 71,817
– –
– –
86,724
85,241
–
–
— —
16,937 85,138
16,066 82,163
– –
– –
102,075
98,229
–
–
138
41
(b)
2008 1 1 5
12
31 3,797 905 1,499 436 2,840 517 455 127 1,099 5,219 9,952 3,540 18,711 5 – – 5
5
7,998 2,977 14,772
2007 1 1 5
12
31 3,099 1,045 1,253 350 2,648 665 495 63 1,223 4,809 8,061 2,604 15,474 12 5 – 17
5
6,313 2,191 11,603
42
13(a)
43
139
44
17
18
40
140
45
/
(IFRIC) 13 / 1 / 23
/
(IFRIC)
2008
7
1
2009
1
1
2009
1
1
/ 8 / 27 — —
2009
1
1
2009
1
1
/ 2 / 7 / 27 / 3
2009
1
1
2009
1
1
2009
7
1
2009
7
1
(IFRIC)
/
(IFRIC)
13
—
(IFRIC)
/
(IFRIC)
13 (IFRIC) /
(IFRIC)
13
/ —
1
141
2008
2007
2006
2005
2004
260,889 18,096 113,444 19,914 412,343
226,488 20,856 91,609 18,006 356,959
189,710 21,629 69,309 14,710 295,358
156,710 25,055 50,187 11,089 243,041
128,534 24,760 30,236 8,851 192,381
2,641 22,264 2 2 2 71,509 19,960 153,354 269,728 2 142,615 – 2,159 517 6,002 (1,550) 149,743 (36,789) 112,954 112,793 161 112,954
2,330 21,500 67,354 18,277 123,430 232,891 124,068 – 2,323 657 4,015 (1,825) 129,238 (42,059) 87,179 87,062 117 87,179
2,451 18,783 64,574 16,853 100,772 203,433 91,925 – 2,872 285 2,604 (1,510) 96,176 (30,062) 66,114 66,026 88 66,114
3,224 15,309 56,368 14,200 80,254 169,355 73,686 – 3,284 499 1,615 (1,346) 77,738 (24,149) 53,589 53,549 40 53,589
3,861 12,072 44,186 9,972 62,811 132,902 59,479 (1,930) 3,167 548 1,014 (1,679) 60,599 (18,828) 41,771 41,749 22 41,771
142
2008
2007
2006
2005
2004
2 2 2 2
327,783 35,482 10,102 36,894 298 – 7 6,884 77 –
257,170 47,420 8,383 36,894 469 – – 5,445 77 – 52,682
218,274 52,436 7,675 36,894 700 – – 7,113 77 – 30,900
216,505 34,201 7,243 35,300 – – – 6,625 77 – 11,122
212,459 30,510 6,333 35,300 – – – 4,068 77 96 (17,757)
/
59,597
477,124 (33,553) (584) (80)
408,540 (33,582) (597) (122)
354,069 (33,574) (930) (192)
311,073 (36,545) (1,324) (97)
271,086 (36,633) (944) (105)
442,907
374,239
319,373
273,107
233,404
(1)
(2)
143
WAP (MOU) (ARPU)
TD-SCDMA
3G 3G 3G TD-SCDMA
GSM
2G
GSM
IVR
SMS
139
WAP
LTE
3G LTE FDD TDD TD-SCDMA TD-LTE LTE LTE 2G 3G TDD
144
99 60 (852) 3121 8888 (852) 3121 8809 www.chinamobileltd.com