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China Mobile sees 10% revenue hit from order to cut fees

Carrier to slash costs to offset impact of government's new policy

SHUNSUKE TABETA, Nikkei staff writer | China

BEIJING -- A Chinese government order to eliminate long-distance and domestic-roaming charges within the year could slash China Mobile's revenue by up to 10%, CEO Li Yue indicated Monday.

Premier Li Keqiang announced the policy in his work report delivered Sunday at the National People's Congress. China's three big wireless carriers held news conferences Monday to announce their responses.

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