21 Feb 2008
China Mobile, the world's largest operator by subscriber numbers has announced plans to seek overseas expansion and is considering setting up an MVNO in the saturated European market, along with industry favourite - the emerging markets of Asia and Africa.
Henry Ge, chief representative of China Mobile UK, told the Financial Times that the company would focus on three areas: emerging markets; overseas Chinese customers wanting to keep in touch with home; and "the short-term visiting market", which included travelling business customers and the growing number of Chinese tourists.
Vodafone has built up a 3.3 percent stake in China Mobile over a couple of purchases and has a representative on the company board of directors.
Last year, the China Mobile's unlisted parent company took control of Pakistan based Paktel for US$460 million and announced plans to spend a similar amount on improving the network.
On the web: Financial Times
