Company: China Mobile (Hong Kong) Ltd.

Vodafone Group PLC has reported an 11 percent drop in full-year profit due to higher taxes and weaker operations in Europe.

China Telecom Ltd., one of China's three major state-owned phone carriers, says its quarterly profit fell 6.5 percent amid tougher competition.

Despite a slew of allegations relating to accounting fraud, Chinese firms are still keen to head overseas to raise capital, with the United States again the preferred destination, at least for technology companies.

China Mobile's profits may have grown at a soft pace in the last quarter, but one analyst is hopeful that a tie-up with Apple to offer the iPhone later this year will take the world's largest wireless carrier back on a double-digit growth path.

China Mobile, the world's biggest wireless carrier by number of subscribers, met expectations by posting a 4.6 percent rise in fourth-quarter net profit on Thursday as higher mobile data usage offset some of the impact of hefty handset subsidies.