Business PerformanceChina's telecom sector is exposed to policy risks, management reshuffles, and tariff cuts, which could be unfavourable to business performance.
Market CompetitionPrice war in the mobile market could lead to irrational competition for market share and affect ARPU.
Policy RisksChina's telecom sector is exposed to policy risks, management reshuffles, and tariff cuts, which could be unfavorable to business performance.