www.WirelessFederation.com/news: Cheaper valuation compared to its competitors, China Unicom (Hong Kong) Ltd. (CHU) and China Telecom Corp. (CHA), an attractive dividend yield and improving growth prospects with the launch of more third-generation value-added telecom services is highlighting a better year for China Mobile in 2010.

After the merger of China’s six telecom operators into 3 nationwide full-service operators in late 2008, after a government-mandated industry restructuring, the world’s biggest telecom operator by subscribers, has largely underperformed the broader market due to worries over rising competition. China Mobile’s shares fell 6.4% in 2009.

The stable cash flow and high dividend yield of China Mobile along with the expansion of its 3G handset devices including some low-cost CNY1, 000 phones and new value-added services are major selling points in an increasingly volatile market. According to analysts, other share price catalysts would be the company’s forthcoming mainland listing and the likelihood that China Mobile may raise its dividend payout ratio on lower capital spending.