China Mobile Ltd<941>, the country’s largest mobile phone operator, is seeking opportunities to acquire telecoms assets in emerging markets, including Asia, to diversify its operations as domestic competition has been intensified after the reshuffle of China’s telecommunication industry, chairman Wang Jianzhou said on Tuesday.
Wang revealed China Mobile will be rational in making any overseas acquisition [...]
Taiwanese authorities are likely to allow Chinese mainlanders to invest in the island’s telecommunications sector, according to a report by the Commercial Times.
The mainland investors would be treated as foreign investors, which means that they could hold a maximum direct stake of 49% in fixed-line and long-distance phone operators, and up to 60% if indirect [...]
Spain’s Telefonica hopes to buy a 10 percent stake in wireless operator China Unicom to take advantage of opportunities from Beijing’s plan to overhaul its telecoms industry, the Financial Times said on Thursday.
Telefonica, which owns 7.2 percent of fixed-line carrier China Netcom, wants to become partner to a firm that under that restructuring blueprint will [...]
Swedish telecom equipment maker Ericsson said on Wednesday it had not competed with Alcatel-Lucent for a $1 billion deal with China Mobile which the French group signed on Tuesday.
Ericsson Chief Executive Carl-Henric Svanberg said the Swedish group had not been beaten to the deal, which is a framework agreement to provide mobile communication equipment and [...]
China pressed ahead with a restructuring of the world’s largest telecoms industry yesterday as Chinese telecommunications carriers announced details of two mega-deals, with a combined transaction volume of more than 500 billion yuan (US$72 billion).
The country’s biggest fixed-line phone operator, China Telecommunications Corp (China Telecom Group) and its listed subsidiary (China Telecom) will pay 110 [...]
Revenues, employees, customersâ€â€it is the largest industrial reorganisation ever. And, reflecting how business is done in China, it was announced in the most modest way, with a posting on a government website on May 24th. The country’s telecoms industry, with nearly 600m mobile subscribers, 360m fixed-line customers and $244 billion in revenue, will be reconfigured. [...]
