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Asia Mobile Operators and MVNOs

Asia Mobile Operators and MVNOs


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Executive Summary

As mobile growth eases, Asia’s top operators keep expanding

Across Asia a total of around 3.8 billion mobile subscribers were being served by a large number of mobile operators heading into 2016. The operators are continuing to drive the market, expanding it by between 5% and 10% annually at the moment. Whilst the overall growth rate in the region has moderated the sheer numbers are impressive. This market report presents a wide-ranging review, providing details on around almost 200 of the mobile operators to be found in Asia in 2015. 

The list of operators ranges from the giant China Mobile with more than 800 million subscribers right through to a number of much smaller operators with only a few thousand subscribers each. And of course there are the mobile virtual network operators (MVNOs). BuddeComm’s overview of mobile operators in the region does not claim to present an exhaustive list of the licensed operators but it is truly indicative of the breadth and variety of operators to be found in the region. It also reflects the highly commercial and competitive nature of the mobile sector in this region. 

The focus of this report is on the operators within the individual national markets. Of course, in addition to these individual operators there are those companies such as SingTel, Vodafone, and Axiata (formerly Telekom Malaysia International) that have built a substantial presence around the region beyond their own domestic market through their shareholdings in operators in multiple other markets. While this aspect of the regional operations is not discussed in any detail, it is mentioned in passing in the relevant country reviews. 
Asia – total mobile subscribers – 2002 - 2015

Year | Subscribers (million) | Annual growth 
2002 | 430 | 32% 
2003 | 548 | 27% 
2004 | 679 | 24% 
2005 | 836 | 23% 
2006 | 1,078 | 29% 
2007 | 1,398 | 30% 
2008 | 1,773 | 27% 
2009 | 2,167 | 22% 
2010 | 2,643 | 22% 
2011 | 3,057 | 16% 
2012 | 3,205 | 5% 
2013 | 3,457 | 8% 
2014 | 3,691 | 7% 
2015 (e) | 3,865 | 5% 
(Source: BuddeComm based on industry data)

In table below the top 15 operators in Asia are shown ranked by subscribers as of end-2014. The table also shows the available subscriber numbers for 2015. It is noted that of the region’s operators these 15 (as listed in the table) have a combined share of 70% of the total regional mobile subscriber base. In other words, less than 10% of the total number of operators in the regional market control 70% of the total subscriber base. This list of top operators has remained relatively stable over the last year or so, with few changes to the leading group. 

Table 2 - Asia - top 15 mobile operators by subscribers – 2014 - 2015
Rank1 | Operator | Country | 2014
Subscribers
(million) | 2015
Subscribers
(million) 
1 | China Mobile | China | 807 | 817 (Jun) 
2 | China Unicom | China | 299 | 289 (Sep) 
3 | Bharti | India | 221 | 231 (Jun) 
4 | China Telecom | China | 186 | 191 (Jun) 
5 | Vodafone Essar | India | 179 | 184 (Mar) 
6 | Idea Cellular | India | 151 | 162 (Jun) 
7 | Telkomsel | Indonesia | 141 | n/a 
8 | Reliance Communications | India | 106 | 111 (Jun) 
9 | BSNL | India | 81 | 77 (Mar) 
10 | Aircel/Dishnet | India | 79 | 81 (Mar) 
11 | Smart Comms (PLDT) | Philippines | 70 | 70 (Mar) 
12 | Tata Teleservices | India | 66 | 66 (Mar) 
13 | NTT DoCoMo | Japan | 63 | 67 (Jul) 
14 | Indosat | Indonesia | 63 | 69 (Sep) 
15 | Viettel | Vietnam | 55 | 55 (Jun) 
(Source: BuddeComm based on industry data)
Note: 1ranked by number of subscribers at end-2014

While the overall regional growth rate has eased considerably in the last few years, there are still some countries (and therefore operators) with growth rates well in excess of the regional average. Then of course there are the various growth patterns within the overall subscriber numbers. In this respect, the phenomenal growth of mobile broadband must be mentioned. Operators across the region have been responding to the huge demand for mobile broadband access.

1. Region overview - statistics
2. Afghanistan
2.1 Operator statistics
2.2 Market Overview
2.3 Afghan Wireless (AWCC)
2.3.1 Background
2.3.2 Statistics
2.3.3 Developments
2.4 Roshan
2.4.1 Background
2.4.2 Statistics
2.4.3 Developments
2.5 MTN Afghanistan
2.5.1 Background
2.5.2 Statistics
2.5.3 Developments
2.6 Etisalat Afghanistan
2.6.1 Background
2.6.2 Statistics
2.6.3 Developments
2.7 Aftel (Afghan Telecom)
3. Armenia
3.1 Mobile Operator Statistics
3.2 ArmenTel (Beeline)
3.2.1 Overview
3.2.2 Background
3.2.3 Operational statistics
3.2.4 Financials
3.2.5 Business development
3.2.6 Background developments
3.3 VivaCell-MTS (K-Telecom)
3.3.1 Overview
3.3.2 Licensing
3.3.3 Service launch
3.3.4 Operational statistics
3.3.5 Development
3.3.6 4G / LTE
3.4 Orange Armenia
3.4.1 Overview
3.4.2 Licensing
3.4.3 Service launch
3.4.4 Operational statistics
3.4.5 Business development
3.5 Ucom
4. Azerbaijan
4.1 Mobile Operator Statistics
4.2 Azercell
4.2.1 Overview
4.2.2 Background
4.3 Bakcell
4.3.1 Overview
4.3.2 Background
4.4 Azerfon (Nar Mobile)
4.4.1 Overview
4.4.2 Corporate structure
4.4.3 Background
4.5 Catel
5. Bangladesh
5.1 Mobile Operator Statistics
5.2 Overview
5.3 CityCell (PBTL)
5.4 GrameenPhone
5.4.1 Overview
5.4.2 3G and 4G Network Rollouts
5.4.3 Developments
5.4.4 Financials
5.4.5 Proposed Initial Public Offering (IPO)
5.4.6 Background
5.5 Banglalink
5.6 Robi Axiata
5.7 Teletalk
5.7.1 Overview
5.7.2 3G development
5.7.3 Proposed Initial Public Offering (IPO)
5.8 Airtel Bangladesh
5.8.1 Overview
5.8.2 Background
6. Bhutan
6.1 Mobile Operator Statistics
6.2 B-Mobile
6.3 Tashi InfoComm
7. Brunei Darussalam
7.1 Mobile Operator Statistics
7.2 DSTCom
7.3 Progresif Cellular (formerly B-Mobile)
7.3.1 Operational and financial problems - background
8. Cambodia
8.1 Mobile Operator Statistics
8.2 MobiTel (CamGSM)
8.2.1 Overview
8.2.2 Statistics
8.3 Mfone (CamShin)
8.3.1 Overview
8.3.2 Statistics
8.3.3 Uncertainty followed by Bankruptcy
8.4 Smart Axiata (formerly Hello Axiata)
8.5 AZ Communications
8.6 Metfone (Viettel)
8.7 CadComms (QB)
8.8 GT-Tell (Excell)
8.9 Smart Mobile (Latelz)
8.10 Applifone (Star Cell)
8.11 Beeline Cambodia (Sotelco)
8.12 CooTel (Xinwei)
9. China
9.1 Mobile Operator Statistics
9.2 China Mobile Ltd (CML)
9.2.1 Company overview
9.2.2 China Mobile: Financial statistics
9.2.3 China Mobile: Operations statistics
9.3 China Telecom
9.4 China Unicom
9.5 MVNOs
10. Georgia
10.1 Mobile Operator Statistics
10.2 Overview
10.3 Geocell
10.4 MagtiCom
10.5 Mobitel (Beeline)
11. Hong Kong
11.1 Hong Kong Telecom / CSL
11.2 Hutchison Telekom Hong Kong Holdings (3)
11.3 SmarTone
11.3.1 Company overview
11.3.2 Company background
11.3.3 Financial statistics
11.3.4 Operational statistics
11.4 China Mobile
11.5 Mobile virtual network operators (MVNO)
12. India
12.1 Mobile Operator Statistics
12.2 Major operators in India
12.2.1 Market overview
12.2.2 Unified Access Service Licences (UASL)
12.2.3 Mergers and acquisitions
12.2.4 BSNL/MTNL
12.3 Aircel
12.3.1 Overview
12.4 Bharat Sanchar Nigam Ltd (BSNL)
12.4.1 Overview
12.4.2 Mobile business
12.5 Bharti Airtel
12.5.1 Overview
12.5.2 Financials
12.5.3 Corporate structure
12.5.4 Mobile business
12.6 Idea Cellular
12.6.1 Overview
12.6.2 Financials
12.6.3 Background
12.6.4 Corporate structure
12.6.5 3G development
12.6.6 4G / LTE
12.7 Loop Mobile
12.7.1 Overview
12.7.2 Bharti Airtel's proposed buy out
12.7.3 Deactivation of Loop's network
12.7.4 Background
12.8 Mahanagar Telephone Nigam Limited (MTNL)
12.8.1 Overview
12.8.2 Corporate structure
12.8.3 Mobile business
12.9 Quadrant
12.10 Reliance Communications
12.10.1 Overview
12.10.2 Financials
12.10.3 Corporate structure
12.10.4 Mobile business
12.11 Reliance Jio Infocomm
12.12 Sistema
12.12.1 Overview
12.12.2 Mobile business
12.13 Tata Teleservices
12.13.1 Overview
12.13.2 Corporate structure
12.13.3 Mobile business
12.14 Telewings (formerly Uninor)
12.14.1 Overview
12.14.2 Problems following 2G licence cancellation
12.15 Videocon
12.16 Vodafone
12.16.1 Overview
12.16.2 Tax dispute
12.16.3 Financials
12.16.4 Corporate background
12.16.5 Operational background
12.16.6 Strategic development
12.16.7 3G
12.16.8 4G / LTE
12.17 Other operators and service providers
12.17.1 Mobile operators
12.17.2 MVNO market
13. Indonesia
13.1 Mobile Operator Statistics
13.2 Overview
13.3 PT Telkom Indonesia
13.3.1 Overview
13.3.2 PT Telkomsel / mobile operations
13.4 PT Indosat
13.4.1 Overview
13.4.2 Business developments
13.4.3 Financials
13.4.4 Corporate structure
13.4.5 Mobile operations
13.5 XL Axiata (formerly PT Excelcomindo Pratama)
13.5.1 Overview
13.5.2 Developments
13.5.3 Axiata's acquisition of Axis
13.5.4 Operational statistics
13.5.5 Financials
13.5.6 Corporate structure
13.5.7 Business and network strategies
13.6 PT Sampoerna Telekomunikasi Indonesia (STI)
13.7 PT SmartFren Telecom
13.7.1 Overview
13.7.2 Mobile-8
13.7.3 Smart Telecom
13.8 Axis (formerly Natrindo Telepon Selular)
13.8.1 Overview
13.8.2 Business developments including 3G
13.8.3 Corporate structure
13.9 PT Hutchison CP / 3 Indonesia
13.10 PT Satelit Palapa Indonesia (SATELINDO)
13.11 Bolt
14. Japan
14.1 Mobile Operator Statistics
14.2 Overview
14.3 NTT DoCoMo
14.3.1 Company overview
14.3.2 Financial statistics
14.3.3 Capex allocation
14.3.4 ARPU statistics
14.3.5 Operational statistics
14.3.6 International investments
14.4 KDDI
14.5 Softbank Mobile
14.5.1 Business strategy
14.5.2 Financial and Operational statistics
14.6 Mobile Virtual Network Operators (MVNO)
15. Kazakhstan
15.1 Mobile Operator Statistics
15.2 Altel
15.3 K'Cell (GSM-Kazakhstan)
15.4 Kar-Tel (Beeline)
15.5 Tele 2 Kazakhstan (formerly NeoTelecom)
16. Kyrgyzstan
16.1 Mobile Operator Statistics
16.2 MegaCom (BiMoCom Ltd)
16.2.1 Ownership issues
16.3 Sky Mobile (Beeline)
16.3.1 Ownership dispute
16.4 Aktel (Fonex)
16.5 Nur Telecom (O!)
16.6 Katel

Table 1 - Asia total mobile subscribers 2002 - 2015
Table 2 - Asia - top 15 mobile operators by subscribers 2014 - 2015
Table 3 Top fifteen countries in Asia by mobile subscribers 2010- 2015
Table 4 Top fifteen countries in Asia by mobile penetration - 2010 - 2015
Table 5 Asia - top mobile operators by subscribers 2012 - 2015
Table 6 Afghanistan - Mobile operators, subscribers and annual change 2014
Table 7 Afghanistan - Market share by major operators 2013
Table 8 Afghanistan - Market share by major operators 2014
Table 9 Afghanistan - ARPU by operator 2008 - 2012
Table 10 Afghanistan - AWCC's mobile subscribers 2005 - 2014
Table 11 Afghanistan - Roshan's mobile subscribers 2005 - 2014
Table 12 Afghanistan - MTN's mobile subscribers 2007 - 2015
Table 13 Afghanistan - MTN's ARPU 2011 - 2015
Table 14 Afghanistan - Etisalat's mobile subscribers 2007 - 2014
Table 15 Armenia - Mobile operators, subscribers and annual change 2014
Table 16 Armenia - Mobile operators by share of total mobile market 2014
Table 17 Armenia - ArmenTel (Beeline) mobile subscribers 2007 - 2015
Table 18 Armenia - ArmenTel (Beeline) mobile ARPU 2008 - 2015
Table 19 Armenia - ArmenTel (Beeline) mobile broadband subscribers 2011 - 2015
Table 20 Armenia - ArmenTel (Beeline) mobile revenue by market segment 2012 2015
Table 21 Armenia - ArmenTel (Beeline) total capex 2012 - 2015
Table 22 Armenia - VivaCell-MTS mobile subscribers 2007 - 2014
Table 23 Armenia - VivaCell-MTS mobile broadband subscribers 2011 - 2015
Table 24 Armenia - VivaCell-MTS mobile subscribers - prepaid v. postpaid 2013
Table 25 Armenia - VivaCell-MTS mobile ARPU 2007 - 2013
Table 26 Orange Armenia - mobile subscribers 2009 2014
Table 27 Orange Armenia - mobile broadband subscribers 2009 - 2014
Table 28 Azerbaijan - Mobile operators, subscribers and annual change September 2014
Table 29 Azerbaijan - Mobile operators by share of total mobile market September 2013
Table 30 Azerbaijan - Mobile operators by share of total mobile market September 2014
Table 31 Azerbaijan - Azercell mobile subscribers and market share 2003 - 2015
Table 32 Azerbaijan - Bakcell mobile subscribers 2002; 2005 2006; 2010 - 2014
Table 33 Azerbaijan - Azerfon mobile subscribers 2007 - 2014
Table 34 Bangladesh - Mobile subscribers by operator and annual change September 2015
Table 35 Bangladesh - Market share by operator September 2015
Table 36 Bangladesh - CityCell (PBTL) subscribers 1999 - 2015
Table 37 Bangladesh - GrameenPhone subscribers 1998 - 2015
Table 38 Bangladesh - Banglalink (Orascom Telecom) subscribers 2002 - 2015
Table 39 Bangladesh - Robi Axiata subscribers 2005 - 2015
Table 40 Bangladesh - Teletalk subscribers 2005 - 2015
Table 41 Bangladesh - Airtel Bangla subscribers 2007 2015
Table 42 Bhutan - Mobile operators, subscribers and annual change 2014
Table 43 Bhutan - Total mobile subscribers and market share by operator 2014
Table 44 Bhutan - B-Mobile's subscribers 2003 - 2014
Table 45 Bhutan - B-Mobile's 3G subscribers 2008 - 2014
Table 46 Bhutan - Tashi's mobile subscribers 2010 - 2014
Table 47 Brunei Darussalam - Mobile operators, subscribers and annual change March 2009
Table 48 Brunei Darussalam - Mobile operators, estimated subscribers and annual change 2014
Table 49 Brunei Darussalam - DSTCom mobile subscribers 1999 - 2014
Table 50 Brunei Darussalam - Progresif Cellular mobile subscribers 2005 - 2014
Table 51 Cambodia - Mobile Operators and Systems
Table 52 Cambodia - Mobile subscribers and market share by operator 2013
Table 53 Cambodia - MobiTel (CamGSM) mobile subscribers 1998 - 2013
Table 54 Cambodia - MobiTel: 3G subscribers 2006 - 2013
Table 55 Cambodia - Historical - Mfone (CamShin) mobile subscribers 1998 - 2012
Table 56 Cambodia - Mfone 3G subscribers 2012 - 2013
Table 57 Cambodia - Smart Axiata: mobile subscribers 1998 - 2013
Table 58 Cambodia - Smart Axiata: 3G subscribers 2012 - 2013
Table 59 Cambodia - Metfone (Viettel) mobile subscribers 2009 - 2013
Table 60 Cambodia - Cadcomms (QB) mobile (3G) subscribers 2008 - 2013
Table 61 Cambodia - Historical - Smart Mobile subscribers 2011 - 2012
Table 62 Cambodia - Smart Mobile (Latelz): 3G subscribers 2012 - 2013
Table 63 Cambodia - Historical - Applifone (Star Cell) subscribers 2008 - 2009
Table 64 Cambodia - Beeline Cambodia subscribers 2009 - 2013
Table 65 Cambodia - Beeline Cambodia's ARPU 2011 - 2013
Table 66 China Mobile revenue, capex, EBITDA margin, net profit 2000 - 2015
Table 67 China - CAPEX breakdown 2014 - 2015
Table 68 China Mobile ARPU 1997 2015
Table 69 China Mobile data services revenue breakdown 2010 2015
Table 70 China Mobile subscribers, annual change, and market share 1997 2015
Table 71 China Telecom mobile and 3G/4G subscribers and ARPU 2002 2015
Table 72 China Telecom SMS messages sent and Mobile Ring Tone subscribers 2010 - 2014
Table 73 China Unicom 2G and 3G/4G subscribers 2002 2015
Table 74 - China Unicom 2G and 3G/4G Blended MOU 2002 2014
Table 75 China Unicom 2G and 3G/4G ARPU 2008 2015
Table 76 China Unicom WO App store registered users 2011 2014
Table 77 China Unicom Mobile music subscribers 2011 2014
Table 78 China Unicom Number of GSM and 3G/4G base stations 2010 - 2014
Table 79 Georgia - Mobile operators, subscribers and annual change 2013
Table 80 Georgia - Mobile operators subscribers and market share 2013
Table 81 Georgia - Geocell subscribers 2002 - 2012
Table 82 Georgia - MagtiCom subscribers 2007 - 2013
Table 83 Georgia - Mobitel total mobile subscribers 2007 - 2013
Table 84 Georgia - Mobitel mobile broadband subscribers 2011 - 2013
Table 85 Georgia - Mobitel blended ARPU 2009 - 2013
Table 86 Hong Kong - SmarTone financial data 2009 - 2015
Table 87 Hong Kong - SmarTone Blended ARPU 2002 - 2014
Table 88 Hong Kong - SmarTone subscribers and annual change 1998 - 2015
Table 89 Hong Kong - SmarTone spectrum holdings January 2015
Table 90 Hong Kong - MVNO subscribers 2005 2016
Table 91 India - Mobile operators and subscribers 2014
Table 92 India - Mobile operators - subscribers and annual change 2013
Table 93 India - Mobile operators subscribers and market share 2014
Table 94 India - GSM mobile operators, subscribers and market share 2014
Table 95 India - CDMA mobile operators, subscribers and market share 2014
Table 96 India - Mobile ARPU (blended) for selected operators March 2013
Table 97 India - Aircel mobile subscribers 2004 - 2015
Table 98 India - BSNL mobile subscribers 2002 - 2014
Table 99 India - Bharti Airtel mobile subscribers 2002 - 2015
Table 100 India - Bharti Airtel mobile ARPU 2004 - 2005; 2007 - 2015
Table 101 India - Idea Cellular mobile subscribers 2002 - 2015
Table 102 India - Idea Cellular 3G mobile subscribers 2013 - 2015
Table 103 India - Idea Cellular mobile ARPU 2007 2011; 2013 - 2015
Table 104 India - Historical - Loop Mobile (BPL) mobile subscribers 2002 - 2014
Table 105 India - MTNL mobile subscribers 2002 - 2015
Table 106 India - Quadrant mobile subscribers 2012 - 2015
Table 107 India - Reliance mobile subscribers 2002 - 2015
Table 108 India - Reliance 3G subscribers 2012 - 2015
Table 109 India - Reliance mobile ARPU 2007 - 2015
Table 110 India - Sistema mobile subscribers 2008 - 2015
Table 111 India - Tata Teleservices mobile subscribers 2002 - 2015
Table 112 India - Telewings (formerly Uninor) mobile subscribers 2009 - 2015
Table 113 India - Videocon mobile subscribers 2010 - 2015
Table 114 India - Vodafone mobile subscribers 2002 2015
Table 115 India - Vodafone 3G mobile subscribers 2014 - 2015
Table 116 India - Vodafone - mobile ARPU 2008 - 2015
Table 117 Indonesia - Major mobile operators and subscribers 2014
Table 118 Indonesia - Mobile subscribers and market share by operator 2014
Table 119 Indonesia - Mobile subscribers and market share by operator 2012
Table 120 Indonesia - 3G mobile subscribers and market share by operator March 2013
Table 121 Indonesia - PT Telkom's subscribers by segment 2014
Table 122 Indonesia - PT Telkom's capital expenditure (capex) 2008 - 2015
Table 123 Indonesia - PT Telkom revenue contribution by market segment 2014
Table 124 Indonesia - PT Telkom revenue contribution by market segment 2013
Table 125 Indonesia - Telkomsel mobile subscribers postpaid, prepaid and market share 1999 - 2014
Table 126 Indonesia - Telkomsel: 3G subscribers 2012 2013
Table 127 Indonesia - Telkomsel's mobile broadband subscribers 2011 - 2014
Table 128 Indonesia - Telkomsel subscribers postpaid and prepaid 2001 - 2014
Table 129 Indonesia - Telkomsel prepaid subscribers as proportion of total 2002; 2004; 2009 - 2014
Table 130 Indonesia - PT Indosat revenue and contribution by market segment 2014
Table 131 P Indonesia - T Indosat revenue contribution by market segment 2010 - 2014
Table 132 Indonesia - PT Indosat mobile subscribers 2005 - 2014
Table 133 Indonesia - PT Indosat postpaid and prepaid mobile subscribers 2014
Table 134 Indonesia - PT Indosat postpaid and prepaid mobile ARPU 2011 - 2014
Table 135 Indonesia - PT Indosat: 3G subscribers 2012 - 2013
Table 136 Indonesia - XL Axiata mobile subscribers 2005 - 2014
Table 137 Indonesia - XL Axiata -mobile subscribers postpaid v. prepaid 2013 - 2014
Table 138 Indonesia - XL Axiata: 3G subscribers 2012 2013
Table 139 Indonesia - XL Axiata: blended ARPU 2012 2014
Table 140 Indonesia - XL Axiata: SMS volumes 2013 2014
Table 141 Indonesia - PT Sampoerna (STI) subscribers 2007 - 2009
Table 142 Indonesia - SmartFren subscribers 2010 - 2014
Table 143 Indonesia - Historical - Mobile-8 subscribers 2004 - 2011
Table 144 Indonesia - Historical - Smart Telecom subscribers 2007 - 2011
Table 145 Indonesia - Axis Indonesia mobile subscribers 2008 - 2013
Table 146 Axis Indonesia: 3G subscribers 2012 - 2013
Table 147 3 Indonesia subscribers 2007 - 2014
Table 148 3 Indonesia: 3G subscribers 2012 2013
Table 149 Market share of mobile operators in Japan March 2015
Table 150 Japan - Carrier share of mobile telephone and PHS market 2004 - 2015
Table 151 Japan - NTT DoCoMo major shareholders March 2014
Table 152 Japan - NTT DoCoMo revenue, net income, capex and EBITDA 2005 2015
Table 153 Japan - NTT DoCoMo capex breakdown 2013 - 2015
Table 154 Japan - NTT DoCoMo ARPU and churn 2004 2016
Table 155 Japan - NTT DoCoMo subscribers 2011 - 2016
Table 156 Japan - NTT DoCoMo's subscribers by technology 2002 2016
Table 157 Japan - NTT DoCoMo dmarket subscribers by product 2014 - 2015
Table 158 Japan - NTT DoCoMo NOTTV subscribers 2014 - 2015
Table 159 Japan - NTT DoCoMo DCMX and iD members 2007 - 2015
Table 160 Japan - NTT DoCoMo Karada-no-kimochi subscribers 2014 - 2015
Table 161 Japan - KDDI au ARPU, MOU and churn 2001 2015
Table 162 Japan - Softbank financial data 1995 2015
Table 163 Japan - Softbank proportion of revenue by segment 2014 2015
Table 164 Japan - Softbank mobile ARPU and churn 2004 - 2015
Table 165 Japan - Softbank operational data thousands of subscribers 2007 2013
Table 166 Kazakhstan - Mobile operators, subscribers and annual change (historical) June 2013
Table 167 Kazakhstan - Mobile operators market share (historical) June 2013
Table 168 Kazakhstan - Mobile operators market share (historical) 2013
Table 169 Kazakhstan - Altel's mobile subscribers 2009 - 2013
Table 170 Kazakhstan - Altel's mobile broadband subscribers 2010 - 2014
Table 171 Kazakhstan - Altel 4G / LTE subscribers 2012 - 2014
Table 172 Kazakhstan - Altel's mobile ARPU 2010 - 2014
Table 173 Kazakhstan - K'Cell's mobile subscribers 2006 - 2013
Table 174 Kazakhstan - K'Cell's mobile subscribers postpaid v. prepaid - 2012 2014
Table 175 Kazakhstan - Kar-Tel (Beeline) - mobile subscribers 2006 - 2015
Table 176 Kazakhstan - Kar-Tel (Beeline) - mobile ARPU 2006 - 2014
Table 177 Tele2 Kazakhstan's mobile subscribers 2010 - 2015
Table 178 Kyrgyzstan - Mobile operators - subscribers and annual change June 2014
Table 179 Kyrgyzstan - Mobile operators subscribers and market share September 2014
Table 180 Kyrgyzstan - MegaCom subscribers 2009 - 2014
Table 181 Kyrgyzstan - Sky Mobile subscribers 2007 - 2014
Table 182 Kyrgyzstan - Sky Mobile - ARPU 2005; 2011 - 2014
Table 183 Kyrgyzstan - Aktel (Fonex) subscribers 2007 2011; 2014
Table 184 Kyrgyzstan - Nur Telecom (O!) - subscribers 2013 - 2014
Table 185 Laos - Mobile operators, subscribers and annual change 2014
Table 186 Laos - Mobile subscribers and market share by operator 2014
Table 187 Laos - LTC's mobile subscribers and annual change 2004 - 2014
Table 188 Laos - ETL's mobile subscribers 2003 - 2014
Table 189 Laos - Beeline's mobile subscribers 2005 - 2015
Table 190 Laos - Beeline's mobile ARPU 2011 - 2014
Table 191 Laos - Beeline's annual churn 2011 - 2014
Table 192 Laos - Unitel's mobile subscribers 2005 - 2014
Table 193 Macau - CTM mobile, fixed-line and broadband subscribers and ARPU: 2007 - 2014
Table 194 SmarTone Macau financial data 2007 - 2015
Table 195 Malaysia - Mobile operators, subscribers and annual change June 2015
Table 196 - Malaysia - Total mobile subscribers and market share by operator June 2015
Table 197 Malaysia - Axiata's total mobile subscribers 2010 - 2014
Table 198 Malaysia - Celcom mobile subscribers 2005 - 2015
Table 199 Malaysia - Celcom prepaid and postpaid subscribers 2011 - 2015
Table 200 Malaysia - Celcom ARPU prepaid and postpaid 2008 - 2015
Table 201 Malaysia - Celcom's 3G mobile subscribers 2012 - 2013
Table 202 Malaysia - Celcom's mobile broadband subscribers 2008 - 2014
Table 203 Malaysia - Celcom's smartphone penetration 2014 - 2015
Table 204 Malaysia - Maxis capital expenditure 2007 - 2015
Table 205 Malaysia - Maxis mobile subscribers 2006 - 2015
Table 206 Malaysia - Maxis 3G mobile subscribers 2012 - 2013
Table 207 Malaysia - Maxis mobile subscribers prepaid v. postpaid, June 2014
Table 208 Malaysia - Maxis mobile subscribers prepaid v. postpaid, June 2015
Table 209 Malaysia - Maxis mobile ARPU prepaid, postpaid, wireless and blended 2007 - 2015
Table 210 Malaysia - Maxis' smartphone penetration 2014 - 2015
Table 211 Malaysia - DiGi mobile subscribers 2006 - 2015
Table 212 Malaysia - DiGi's 3G mobile subscribers 2012 - 2013
Table 213 Malaysia - DiGi's mobile subscribers prepaid v. postpaid June 2014
Table 214 Malaysia - DiGi's mobile subscribers prepaid v. postpaid June 2015
Table 215 Malaysia - DiGi's ARPU prepaid, postpaid, blended 2008 - 2015
Table 216 Malaysia - DiGi's mobile internet subscribers 2009 - 2015
Table 217 Malaysia - DiGi capital expenditure 2006 - 2015
Table 218 Malaysia - DiGi service revenue proportion of voice v. data 2009 - 2014
Table 219 Malaysia - U Mobile subscribers 2008 - 2015
Table 220 Maldives - Mobile operators, subscribers and annual change 2014
Table 221 Maldives - Mobile operators, subscriber and market share 2012
Table 222 Maldives - Mobile operators, subscriber and market share 2013
Table 223 Maldives - Mobile operators, subscriber and market share 2014
Table 224 Maldives - Dhiraagu mobile subscribers 1998 - 2015
Table 225 Maldives - Ooredoo (formerly Wataniya) mobile subscribers 2006 - 2015
Table 226 Mongolia - Mobile operators and subscribers June 2015
Table 227 Mongolia - MobiCom subscribers and market share 2006 - 2015
Table 228 Mongolia - SkyTel subscribers and market share 2006 - 2015
Table 229 Mongolia - Unitel subscribers and market share 2006 - 2015
Table 230 Mongolia - G-Mobile subscribers and market share 2007 - 2015
Table 231 Myanmar - Mobile subscribers by operator and annual change 2014
Table 232 Myanmar - Mobile market share by operator 2014
Table 233 Myanmar - MPT subscribers, annual change and market share 2008 - 2014
Table 234 Myanmar - Ooredoo mobile subscribers 2014 - 2015
Table 235 Myanmar - Ooredoo mobile ARPU 2014 - 2015
Table 236 Myanmar - Telenor mobile subscribers 2014 - 2015
Table 237 Myanmar - Telenor mobile ARPU 2014 - 2015
Table 238 Myanmar - Telenor quarterly capital expenditure 2014 - 2015
Table 239 Nepal - Mobile operators, subscribers and annual change July 2015
Table 240 Nepal - Mobile operators and market share July 2015
Table 241 Nepal Telecom (NDCL) - mobile subscribers 2006 - 2015
Table 242 Nepal - Ncell's mobile subscribers 2006 - 2015
Table 243 North Korea - Koryolink revenue, EBITDA, CAPEX 2012 - 2015
Table 244 North Korea - Koryolink ARPU 2012 - 2014
Table 245 North Korea - Koryolink quarterly revenue, EBITDA, EBITDA margin, capex 2009 - 2011
Table 246 North Korea - Koryolink quarterly subscribers, MoU and ARPU 2009 2014
Table 247 Pakistan - Mobile operators, subscribers and annual change June 2015
Table 248 Pakistan - Mobile operators, subscribers and market share May 2014
Table 249 Pakistan - Mobile operators, subscribers and market share June 2015
Table 250 Pakistan - Mobilink (PCML) mobile subscribers 2000 - 2015
Table 251 Pakistan - Mobilink 3G subscribers - 2015
Table 252 Pakistan - Ufone (PTCL) subscribers 2001 - 2015
Table 253 Pakistan - Ufone 3G subscribers - 2015
Table 254 Telenor Pakistan subscribers 2005 - 2015

Table 255 Telenor Pakistan 3G subscribers - 2015
Table 256 Telenor Pakistan - ARPU 2009 - 2014
Table 257 Pakistan - Warid Telecom subscribers 2005 - 2015
Table 258 Pakistan - Warid 4G/LTE subscribers - 2015
Table 259 Pakistan - Zong mobile subscribers 2000 - 2015
Table 260 Pakistan - Zong 3G subscribers 2014 - 2015
Table 261 Pakistan - Zong 4G subscribers - 2015
Table 262 Philippines - Mobile market share - major operators March 2015
Table 263 Philippines - Mobile market share - major operators March 2014
Table 264 Philippines - Mobile operators, subscribers and annual change 2014
Table 265 Philippines - Mobile subscribers by operator 2009 2012
Table 266 Philippines - Share of mobile market revenue Globe v. Smart and Sun Cellular 2012 - 2014
Table 267 Philippines - PLDT total mobile subscribers 2006 - 2015
Table 268 Philippines - PLDT mobile subscribers by operator unit/contract type 2014
Table 269 Philippines - PLDT mobile ARPU by operator/contract type 2014
Table 270 Philippines - Smart mobile subscribers 2010 - 2014
Table 271 Philippines - PLDT prepaid and postpaid mobile subscribers March 2015
Table 272 Philippines - Smart prepaid and postpaid mobile ARPU 2014
Table 273 Philippines - Talk N Text mobile subscribers 2002 - 2014
Table 274 Philippines - Globe Telecom's capital expenditure 2012 - 2015
Table 275 Philippines - Globe Telecom mobile subscribers 2010 - 2015
Table 276 Philippines - Globe Telecom mobile subscribers - prepaid v. postpaid March 2015
Table 277 Philippines - Globe Telecom mobile ARPU by contract type 2014 - 2015
Table 278 Philippines - Historical - Digitel mobile subscribers- prepaid and postpaid March 2012
Table 279 Singapore mobile operators by share of total mobile market March 2015
Table 280 SingTel Singapore market key operational subscriber statistics 2011; 2013 - 2015
Table 281 Singapore - SingTel - mobile subscribers 1998 - 2015
Table 282 Singapore - SingTel - 3G mobile subscribers 2006 - 2013
Table 283 Singapore - SingTel - 4G mobile subscribers 2013 - 2014
Table 284 Singapore - SingTel key operational statistics mobile postpaid and prepaid - March 2015
Table 285 Singapore - SingTel ARPU - mobile services postpaid, prepaid, blended - 2012 - 2015
Table 286 Singapore - SingTel ARPU for mobile services postpaid, prepaid, non-voice 2003 - 2015
Table 287 Singapore - SingTel Group's mobile subscribers 2007 - 2015
Table 288 Singapore - SingTel's mobile subscribers by regional markets March 2014
Table 289 Singapore - StarHub key operational statistics 2012 2015
Table 290 Singapore - StarHub revenue and proportion of revenue by market segment 2014
Table 291 Singapore - StarHub mobile subscribers 2000 - 2015
Table 292 Singapore - StarHub 3G mobile subscribers 2006 - 2013
Table 293 Singapore - StarHub operating revenue and capital expenditure 2008 - 2015
Table 294 Singapore - StarHub - key operational statistics mobile postpaid and prepaid March 2015
Table 295 Singapore - StarHub ARPU for mobile services postpaid and prepaid 2003 - 2015
Table 296 Singapore - MobileOne - mobile subscribers 1998 - 2015
Table 297 Singapore - MobileOne 3G subscribers 2006 - 2013
Table 298 Singapore - Mobile One mobile subscribers, market share and ARPU June 2015
Table 299 Singapore - MobileOne ARPU for mobile services postpaid and prepaid 2002 - 2015
Table 300 South Korea - Mobile operator market share by subscribers 2002 - 2015
Table 301 South Korea - KT Corp revenue, net profit, capex 2008 2014
Table 302 South Korea - KT Corp's mobile and 3G subscribers and total market share 2004 2014
Table 303 South Korea - KT's Voice and data ARPU 2004 2014
Table 304 South Korea - KT's smartphone subscribers and penetration 2009 2014
Table 305 South Korea - SK Telecom revenue, net profit, capex, EBITDA margin 2005 - 2014
Table 306 South Korea - SK Telecom mobile and 3G subscribers, ARPU 2002 - 2014
Table 307 South Korea - SK Telecom smartphone subscribers and penetration 2009 - 2014
Table 308 South Korea - Monthly LTE usage per subscriber 2012 - 2014
Table 309 South Korea - LG U+ revenue, net income, EBITDA 2009 2014
Table 310 South Korea - LG U+ revenue breakdown by service 2009 2014
Table 311 South Korea - LG U+ capex 2009 2014
Table 312 South Korea - LG U+ - total mobile ARPU 2009 - 2014
Table 313 South Korea - LG Telecom mobile subscribers, ARPU 2003 - 2014
Table 314 South Korea - LG Telecom smartphone subscribers and penetration 2011 2014
Table 315 Sri Lanka - Mobile operator market share based on subscribers 2014
Table 316 Sri Lanka - Mobile operators, subscribers and annual change 2014
Table 317 Sri Lanka - Dialog Axiata subscribers and market share 2004 - 2014
Table 318 Sri Lanka - Dialog Axiata prepaid subscribers 2004 - 2014
Table 319 Sri Lanka - Dialog Axiata ARPU postpaid, prepaid and blended 2007 - 2015
Table 320 Sri Lanka - Dialog's smartphone penetration 2014 - 2015
Table 321 Sri Lanka - Dialog Axiata: 3G mobile subscribers 2012 - 2013
Table 322 Sri Lanka - Mobitel subscribers and market share 2004 - 2014
Table 323 Sri Lanka - Mobitel: 3G mobile subscribers 2012 - 2013
Table 324 Sri Lanka - Etisalat Sri Lanka subscribers - 2004 - 2014
Table 325 Sri Lanka - Etisalat: 3G mobile subscribers 2012 - 2013
Table 326 Sri Lanka - Hutchison Lanka subscribers and market share 2006 - 2014
Table 327 Sri Lanka - Hutchison: 3G mobile subscribers 2012 - 2013
Table 328 Sri Lanka - Bharti Airtel Lanka subscribers and market share 2009 - 2014
Table 329 Sri Lanka - Bharti Airtel: 3G mobile subscribers 2012 - 2013
Table 330 Taiwan LTE subscribers and market share September 2015
Table 331 Taiwan - Far EasTone revenue, EBITDA, capex, net profit and ARPU 2003 - 2015
Table 332 Taiwan - Far EasTone mobile subscribers and annual change 1998 - 2015
Table 333 Taiwan - Far EasTone blended ARPU 2007 2015
Table 334 Taiwan Taiwan Mobile revenue and net profit 2003 2015
Table 335 Taiwan - Taiwan Mobile revenue breakdown per business segment 2015 Q3
Table 336 Taiwan - Taiwan Mobile subscribers and annual change 1998 2015
Table 337 Taiwan - Chunghwa Telecom mobile subscribers and annual change 1998 2015
Table 338 Taiwan - Chunghwa Telecom mobile subscribers market share 2000 - 2015
Table 339 Taiwan - Chunghwa Telecom's blended mobile and VAS ARPU 2001 - 2015
Table 340 Taiwan - APT mobile subscribers and annual change 2003 - 2014
Table 341 Taiwan - VIBO Telecom mobile subscribers and annual change 2005 - 2013
Table 342 Tajikistan - Mobile operators systems and launch dates
Table 343 Tajikistan - Mobile subscribers by operator and market share 2013
Table 344 Tajikistan - Babilon Mobile subscribers 2009; 2011 - 2012
Table 345 Tajikistan - Indigo-Somoncom (TCell) mobile subscribers 2009; 2011 - 2013
Table 346 Tajikistan - Tacom (Beeline) mobile subscribers 2009; 2011 - 2014
Table 347 Tajikistan - Tacom (Beeline) - mobile ARPU 2011 - 2014
Table 348 Thailand - Mobile operators, subscribers, annual change and market share 2015
Table 349 Thailand - 3G subscribers by Mobile Operator 2015
Table 350 Thailand - AIS: Historical subscribers and market share 2004; 2007 - 2014
Table 351 Thailand - AIS: subscribers 2013 - 2015
Table 352 Thailand - AIS: 3G subscribers 2011 - 2015
Table 353 Thailand - AIS: ARPU (postpaid, prepaid and blended) 2007 - 2015
Table 354 Thailand - DTAC: total mobile subscribers and market share 2002 - 2015
Table 355 Thailand - DTAC: 3G subscribers 2011 - 2015
Table 356 Thailand - DTAC: ARPU (postpaid, prepaid and blended) 2008 - 2015
Table 357 Thailand - True Move: total mobile subscribers and market share 2004 - 2015
Table 358 Thailand - True Move: 3G subscribers 2011 - 2015
Table 359 Thailand - True Move: ARPU (postpaid, prepaid and blended) 2007 - 2014
Table 360 Thailand - TOT: 3G subscribers 2012 - 2013
Table 361 Thailand - Thai Mobile Telecom's subscriber growth 2002 - 2009
Table 362 Thailand - CAT Telecom's historical subscriber growth 2006 2009; 2012
Table 363 Thailand - Hutchison CAT: historical subscribers and market share 2003; 2007 - 2010
Table 364 Timor Leste - Mobile subscribers and market share by operator June 2015
Table 365 Timor Leste - 3G mobile subscribers and market share by operator June 2015
Table 366 Timor Telecom's mobile subscribers 2003 - 2015
Table 367 Timor Leste - Telkomcel's mobile subscribers 2013 - 2015
Table 368 Timor Leste - Telemor's mobile subscribers 2013 - 2015
Table 369 Turkmenistan - Mobile operators, subscribers and annual change 2010
Table 370 Turkmenistan - Mobile operators, subscribers and market share 2010
Table 371 Turkmenistan - Mobile operators, subscribers and market share 2013
Table 372 Turkmenistan - MTS mobile subscribers 2005; 2007 2010; 2014
Table 373 Turkmenistan - MTS mobile ARPU 2004 - 2005; 2008 - 2014
Table 374 Turkmenistan - TM Cell mobile subscribers 2009 - 2013
Table 375 Uzbekistan - Mobile operators, subscribers and annual change June 2012
Table 376 Uzbekistan - Mobile operators, subscribers and annual change 2013
Table 377 Uzbekistan - Mobile operators, subscribers and annual change 2014
Table 378 Uzbekistan - Mobile operators by share of total mobile market 2014
Table 379 Uzbekistan - Historical - MTS (Uzdunrobita) mobile subscribers 1998 2012
Table 380 Uzbekistan - MTS (Uzdunrobita) mobile ARPU 2005; 2011 2012
Table 381 - Uzbekistan - UMS (formerly MTS) mobile subscribers 2014 2015
Table 382 Uzbekistan - Unitel (Beeline) mobile subscribers 1998 - 2015
Table 383 Uzbekistan - Unitel (Beeline) mobile ARPU 2006 2015
Table 384 Uzbekistan - Unitel (Beeline) mobile revenue by market segment 2012 2015
Table 385 Uzbekistan - Unitel (Beeline) total capex 2012 - 2014
Table 386 Uzbekistan - UCell (Coscom) mobile subscribers 2006 2015
Table 387 Uzbekistan - UCell (Coscom) mobile revenue by market segment 2014
Table 388 Vietnam - Mobile operators networks and total subscribers 2013
Table 389 Vietnam - Mobile operators networks and total subscribers 2014
Table 390 Vietnam - Mobile subscribers and market share by operator 2013
Table 391 Vietnam - Mobile subscribers and market share by operator - 2014
Table 392 Vietnam - Top three mobile operators market share by subscribers 2014
Table 393 Vietnam - Historical - VNPT subscribers 1998 2014
Table 394 Vietnam - MobiFone subscribers 1998 - 2014
Table 395 Vietnam - MobiFone's 3G subscribers 2012 - 2014
Table 396 Vietnam - Vinaphone subscribers 1998 - 2014
Table 397 Vietnam - Vinaphone: 3G subscribers 2010 - 2014
Table 398 Vietnam - Viettel subscribers 2004 - 2014
Table 399 Vietnam - Viettel's 3G subscribers 2012 - 2014
Table 400 Vietnam - Historical - HT Mobile (CDMA) subscribers 2006 - 2009
Table 401 Vietnam - Vietnamobile (GSM) subscribers 2009 - 2014
Table 402 Vietnam - Vietnamobile's 3G subscribers 2012 - 2014
Table 403 Vietnam - Gmobile (Beeline) subscribers 2009 - 2014
Table 404 Vietnam - Historical - S-Fone subscribers 2003 - 2013
Table 405 Vietnam - Historical - EVN Telecom subscribers 2006 - 2012

Chart 1 - Afghanistan - Market share by major operators 2014
Chart 2 Afghanistan - AWCC's mobile subscribers - 2005 - 2014
Chart 3 - Afghanistan - Roshans mobile subscribers - 2005 - 2014
Chart 4 - Armenia - Mobile operators and market share - 2014
Chart 5 - Armenia - Mobile subscribers by Operator - 2009 - 2014
Chart 6 - Azerbaijan - Mobile operators by share of total mobile market 2013
Chart 7 Bangladesh - Bangladesh mobile operator market share September 2015
Chart 8 - Bangladesh - Major mobile operator subscribers - 2007-2015
Chart 9 China - Mobile market share per operator 2008 - 2015
Chart 10 - China Mobile subscribers and annual change 2006 - 2015
Chart 11 Georgia - Mobile operators market share 2013
Chart 12 - India - Mobile operators and subscribers - 2013
Chart 13 - India - Mobile operators' market share by subscribers 2014
Chart 14 - Indonesia - Mobile subscribers and market share by operator - 2014
Chart 15 Indonesia - Mobile subscribers and market share by operator 2012
Chart 16 - Indonesia - 3G mobile subscribers and market share by operator - March 2013
Chart 17 - Indonesia - PT Telkom - revenue contribution by market segment - 2013
Chart 18 - Indonesia - Telkomsel mobile subscribers and market share - 2008 2014
Chart 19 Japan - Softbank revenue, capex, ARPU 2005 2015
Chart 20 - Laos - Mobile subscribers and market share by operator 2014
Chart 21 - Malaysia - Mobile subscribers market share by operator - 2015
Chart 22 Mongolia - Mobile operator market share June 2015
Chart 23 - Pakistan - Mobile operators and subscribers June 2015
Chart 24 - Pakistan - Mobile operators and market share June 2015
Chart 25 - Pakistan - Mobilink (PCML) subscribers - 2000-2015
Chart 26 - Pakistan - Ufone (PTCL) subscribers - 2001-2015
Chart 27 - Telenor Pakistan subscribers - 2005-2015
Chart 28 - Pakistan - Warid Telecom subscribers - 2005-2015
Chart 29 - Pakistan - Zong subscribers - 2005-2015
Chart 30 - SingTel - Singapore market - key operational subscribers March 2011, March 2013, March 2014 and March 2015
Chart 31 - Singapore - SingTel Mobile - ARPU for mobile services - 2005-2015
Chart 32 - Singapore - StarHub - key operational statistics - 2012-2015
Chart 33 - Singapore - StarHub - operating revenue contribution by market - 2014
Chart 34 - Singapore - StarHub - ARPU for mobile services - 2005-2015
Chart 35 - Singapore - MobileOne - ARPU for mobile services - 2005-2015
Chart 36 South Korea - LG U+ revenue, capex, ARPU 2009 - 2014
Chart 37 - Sri Lanka - Mobile operator market share - 2014
Chart 38 - Sri Lanka - Dialog Axiata subscribers and market share - 2004-2014
Chart 39 - Sri Lanka - Mobitel subscribers and market share - 2005-2014
Chart 40 - Sri Lanka - Estisalat Sri Lanka subscribers 2005 - 2014
Chart 41 - Taiwan - Far EasTone mobile subscribers and annual change - 2000 2015
Chart 42 Taiwan - Chunghwa Telecom mobile subscribers and 3G/4G proportion 1998 - 2015
Chart 43 - Tajikistan - Mobile operator market share 2013
Chart 44 - Uzbekistan - Mobile operators by share of total mobile market - June 2014
Chart 45 Vietnam - Mobile market share by operator 2014
Chart 46 Vietnam - VNPT subscribers 2005 - 2014
Exhibit 1 Mobile operators in Bangladesh 2014
Exhibit 2 - Bangladesh - The Village Pay Phone (VPP) Program
Exhibit 3 China Mobile Limited at a glance 2015
Exhibit 4 India - Major shareholders in Bharti Airtel March 2015
Exhibit 5 India - Bharti Airtel mobile operations - key statistics
Exhibit 6 India - Idea Cellular mobile operations - key statistics
Exhibit 7 India - Reliance Communications mobile operations - key statistics
Exhibit 8 India - Tata Teleservices mobile operations - key statistics
Exhibit 9 India - Vodafone mobile operations - key statistics
Exhibit 10 Indonesia - PT Telkom major shareholder groups December 2014
Exhibit 11 Indonesia - Major shareholder categories in PT Telkom December 2014
Exhibit 12 Indonesia - Major shareholders in PT Indosat December 2014
Exhibit 13 Japan - NTT DoCoMo investment in international operators March 2015
Exhibit 14 Malaysia - Axiata's major shareholders August 2013
Exhibit 15 Malaysia - Maxis at a glance 2015
Exhibit 16 Malaysia - DiGi at a glance - 2015
Exhibit 17 Malaysia - DiGi's top 10 shareholders November 2013
Exhibit 18 Singapore - Major shareholders in SingTel May 2013
Exhibit 19 Singapore - SingTel's regional subsidiaries and shareholdings March 2014
Exhibit 20 Singapore - Major shareholders in StarHub February 2014
Exhibit 21 Singapore - Major shareholders in Mobile One February 2014
Exhibit 22 Significant telecoms operators in South Korea
Exhibit 23 South Korea - KT at a glance December 2014
Exhibit 24 South Korea - SK Telecom at a glance December 2014
Exhibit 25 South Korea - LG U+ at a glance December 2014

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Communications (voice and infrastructure), Afghanistan, Armenia, Asia, Azerbaijan, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China, Georgia, Hong Kong, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Laos, Macau, Malaysia, Maldives, Mongolia, Myanmar (Burma), Nepal, North Korea, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Tajikistan, Thailand, Timor Leste (East Timor), Turkmenistan, Uzbekistan, Vietnam


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