China Mobile raises 2013 capex budget by 49 pct on 4G development

BEIJING, Mar 14, 2013 (Xinhua via COMTEX) — China Mobile (CHL.NYSE; 00941.HK) said Thursday it expected to raise its capital expenditure by 49 percent this year to 190.2 billion yuan as the carrier invested to prepare for the launch of its fourth-generation (4G) mobile services. The company said it …