HONG KONG (AP) — China Mobile Ltd., the world’s biggest phone carrier by number of subscribers, said Thursday that profit rose just 2.7 percent last year as it grappled with fierce competition and higher costs.
The Beijing-based phone company said it earned 129.3 billion yuan ($16.7 billion) in 2012. Revenue climbed 6.1 percent to 560.4 billion yuan ($72 billion).
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