In 2016, China Mobile's revenue rose by 6% to 708.4 billion Chinese yuan (103 billion US dollars), as the giant operator expanded its 4G customer base to 535 million connections (up 71%). China Mobile said it plans to cut capex by 6% in 2017 to 176 billion Chinese yuan, as it prepares to reduce 4G investment by 11% and wireline broadband spending by 47%. The operator plans to "adjust network structures centering on data centers [and] reserve resources in advance to support the future development of 5G and IoT."
China Mobile is aiming to add 100 million Internet of Things (IoT) connections in 2017 (on top of the 100 million it already serves), together with 100 million new 4G subscribers and 20 million wireline broadband customers. source: China Mobile presentation
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