China Mobile hopes to tap pent-up demand for Apple smartphones by rolling out new 4G technology this year and having an iPhone model that will finally run on it.» Read More
The Lightning Round is extended in this CNBC.com exclusive feature.
Shares in Sprint Nextel surged as much as 16% in afterhours trade after a media report said SK Telecom was preparing to bid for the No. 3 U.S. wireless company. This is despite a denial by the South Korean firm of any such action.
China Mobile, the world's largest wireless carrier, beat forecasts with a near 20% rise in quarterly net profit on the back of strong subscriber growth, but analysts warn that margins may shrink as competition intensifies.