The world’s largest company of wireless carrier by users, China Mobile Ltd., revealed that it will be increasing its spending to meet the rising demand for data services.

The company gained more than what it had expected for the fourth quarter and so planned for the increased spending.

Lisa Soh, the Hong Kong-based analyst at Macquarie Group Ltd, said in an e-mail that capital spending idea “was a negative coming out of the result.”

During the closing hours of trading in Hong Kong, the China Mobile slipped by 1.75 to HK$71.05.

According to latest report issued by BOCI’s Meng on March 9, the spending at China Mobile is likely to drop to 118 billion Yuan during the current year and the expected profit will be around 31.8 billion Yuan.

The fourth quarter sales increased to 132.6 billion Yuan by 6% as compared to sales of the previous year for the same span.

The company is having 584 million mobile-phone subscribers by the end of the last year which also includes 20.7 million customers of high-speed, third-generation Web services.

The company claimed that 35 million registered customers can directly access the 50,000 downloading applications.

China Mobile‘s 3G network is based on the TD-SCDMA (Time Division Synchronous CDMA) technology.