Investors may be frustrated with some of the decisions that China Mobile (NYSE:CHL)
management has made in recent years, but at least they can say that the
company is what it is – a leading wireless service provider focused
exclusively on China and built around generating solid and predictable
returns on capital and free cash flow.
With that in mind, China Mobile looks like a solid investment pick,
particularly for those investors looking for above-average dividend
potential.
Will 4G Justify The Investment?
China Mobile has been ramping up its 4G network plans, and spending on
this rollout is likely to be a key story over the next couple of years.
Management has targeted having 200,000 base stations in 100 cities by
the end of the year, with an official launch of service either late this
year or early next. Assuming the company keeps to that schedule, it
should provide an effective one- or two-year headstart.
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