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China Mobile leads Asian telecoms

Stellar earnings translate into region's top market cap

TOKYO/BEIJING -- Among Asian telecom companies, China Mobile has the biggest market cap by far, a feat it accomplished by beating out mainland rivals in the race to provide high-speed 4G service. 

China Mobile's market cap stood at $225.3 billion on Friday, more than double the figure for Japan's NTT Docomo, its closest rival. China Mobile's market cap has grown 4% since April 6, 2012 -- before 4G started gaining popularity in the mainland. China Telecom's market cap, meanwhile, shrank 7% while that of China United Network Communications, or China Unicom, tumbled 16% in that period.

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