Why Jefferies' Lee Is Underweight China Mobile

The video discusses a company's 20th anniversary on the Hong Kong Stock Exchange, highlighting financial challenges such as rising competition and high capital expenditures. It addresses investor demands for higher dividends and the impact of government-mandated tariff cuts. The competitive landscape is analyzed, focusing on Unicom's potential growth and China Mobile's pricing pressures. The video concludes with the impact of government policies on telecom prices and revenue.

What factors are contributing to the competitive outlook in the telecom industry?

What impact does the cancellation of roaming fees have on revenue?