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Telecommunication

China Mobile seeks new growth drivers alongside 5G rollout

Company cuts dividend after first-half profit decline due to competition, tariff cuts

China Mobile's revenue and profits have been under pressure over the past few quarters because of a saturating market for fourth-generation internet services. (Photo by Takaki Kashiwabara)

HONG KONG (Nikkei Markets) -- China Mobile, the world's largest mobile services provider, is pursuing new growth drivers to circumvent the pressure on its traditional revenue streams as it gears up for a commercial rollout of fifth-generation internet services.

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