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Five Impacts of Chinese Telecom Carriers Decision to Cut Subsidies

China Mobile, the country’s biggest telecom carrier, recently announced that it would cut subsidies for smartphone purchases, driven by a directive from the Chinese government to telecom carriers to cut their management and marketing expenses by 20% over the next three years. China Mobile’s planned subsidy in 2014 was $5.5 billion, but now is expected to be around $3.4 billion, a 38% cut. […]