WSJ: China Mobile’s VP Resigns Over New Probe

Posted on Mar 16 2012 - 8:44am by Editorial Staff

The World’s biggest mobile carrier by subscriber, China Mobile about which we earlier reported that had revealed that it is aiming to add 30 million 3G users this year and also expecting handsets subsidies for 2012 to total 20 billion yuan ($3.16 billion), which would be up 17.6 percent from last year.

The news to add further the mobile company disclosed the resignation of a vice president over a probe led by Chinese authorities. The investigation is the third by Chinese authorities in recent years to involve executives at the world’s biggest cellular-service operator by subscribers.

China Mobile said that Lu Xiangdong, one of the company’s 13 directors, resigned due to “personal circumstances.” Earlier this month, the company said Mr. Lu was “assisting judicial authorities in the investigation of suspected financial-related issues.”

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.