China Mobil "A" rating affirmed.

China Mobile 'A' rating affirmed; outlook stable - Fitch Ratings 2007-8-8 06:26:00 p.m. HKT, XFNA

- BEIJING (XFN-ASIA) - Fitch Ratings maintained its long-term foreign currency issuer default rating on China Mobile Ltd at ""A"", with the outlook ""stable."" The ratings agency said the rating action reflects the company's ""strong operating performance and solid financial profile."" Fitch noted that China Mobile has consistently generated positive free cash flow, enabling it to maintain a net cash position with ""robust"" financial ratios. It also said China Mobile maintains a dominant market position in the country's mobile sector, despite intense competition, and that the company has registered strong subscriber growth while increasing its market share to over 65 pct. Compared to rival China Unicom, the company registers higher minutes of usage and average revenue per user. The rating also reflects the strong growth potential for China's mobile telecom sector, where penetration is still relatively low at around 38 pct, Fitch said. At the close of today's trade in Hong Kong where it is listed, China Mobile Ltd was up 3.15 hkd, or 3.671 pct, at 88.95 hkd.