Since China Mobile's mobile voice and Internet services division accounts for about 30% of our $59 price estimate, such margin pressures could weigh heavily on the stock in the near term. It will therefore be important for China Mobile to manage the near-term margin pressures well so that it can reap the benefits of an increase in data consumption later.

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This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

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