China Mobile – growing, and looking to get bigger!
By Ben Robinson on Saturday, February 7th, 2009 at 9:26 AM PST In China Mobile, Financial/Corporate News
At the recent World Economic Forum meeting, The giant China Mobile (NYSE: CHL) was in a particularly ebullient mood – it’s Chairman Wang Jianzhou said that the company is still growing despite the recession (impressive..), and is even looking at acquisitions!
Given the dire state of some mobile-involved companies right now, I’d say the shortness of that statement says A LOT. It could be a handset vendor, another operator, or maybe even – an operator group?
Recessions are great if you are a cash-rich growing company – it makes your purchases much cheaper! So could we see China Mobile snap up one or more companies? Quite possibly.
[Via: Mobile-Ent.biz]
I heard 3G is starting to be implemented in 10 major cities in China next month. China Mobile is still doing alright despite the economic troubles.