Sunday, April 22, 2007

China Mobile President Seeks to Purchase Assets in Southeast Asia, Africa

(Bloomberg) -- China Mobile Communications Corp., parent of the world's largest wireless operator by market value, plans to buy companies in Africa and Southeast Asia as growth accelerates in those regions.

``We are interested in neighboring countries in Southeast Asia and some other emerging markets like those in Africa,'' Wang Jianzhou, president of the Beijing-based company, said in an interview in Hainan, China yesterday. He declined to identify companies or say if an acquisition was likely this year.


Read more at Bloomberg Emerging Markets News

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