China giant to expand its business
Biggest China telecom operator, China Mobile, plans to expand its business arm abroad. “(China Mobile) would like to acquire high-quality and profit-making telecommunications enterprises overseas,” Lei Yu, a spokeswoman of China Mobile’s Hong Kong-listed unit. Currently, China Mobile only holds share of one telecom company outside China. buying an 88.86-percent stake in Pakistan’s fifth-largest mobile operator Paktel for 284 million dollars in January 2007.
Source: AFP
Print Posted by Amir Karimuddin on January 31st, 2008
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