China Mobile looking for Expansion, if Telenor is Still an Opportunity?

China Mobile-Telenor merger/acquisition rumors are on the rise again, despite China Mobile chairman had overruled any such speculations.

In a latest development, China Mobile, World’s biggest cellular company in terms of subscribers, has expressed its plans to expand its operations overseas, mainly in Asia.

Wang Jianzhou, Chief Executive, China Mobile Communication Corporation, in an interview with Associated Press said that China Mobile is contented with its earlier investment in Pakistan; however, finding another similar investment cannot be easy. “We try to find some new opportunities but it’s not that easy”, said Wang Juanzhou.

On other side, Telenor Group and Altimo (the telecom arm of the Alfa Group) announced an agreement to merge their common assets in VimpelCom and Kyivstar to create single mobile operator.

This recent development from Telenor’s head camp reflects that there are possibilities of combined business model in their hands, if they come across a feasible deal.

Apparently, deal is locked due to price tag, while Chairman China Mobile was found saying “Two years ago telecom assets in developing countries were very expensive but today there has been a very big decline in price, but there’s no reason for owners to sell their assets at the low price.”

Despite all such clues, we can not speculate exact status of Telenor-Zong deal, due to official denials from both ends – however, rumors still remain in place that means things are in pipeline.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK