China Mobile is reportedly in talks with Norway’s Telenor concerning an acquisition of their Pakistani mobile network. Both companies are denying such development, yet sources told the local Dawn newspaper that negotiations were being held secretly at the group level.
According to some statistics, the combined customer base of China Mobile (NYSE: CHL)’s and Telenor’s Pakistani operations is around 26 million, representing a 28% of the market.
For the record, China Mobile entered the Pakistani market in 2007, when it paid $460 million to buy Paktel from Millicom International. Previously, they had tried to acquire Warid Telecom, another smaller operator in the country, but failed to reach an agreement on the price.
China Mobile’s Pakistan subsidiary is called Zong and with just under 6 million customers, it is the smallest of the 5 main operators in the country.
what do you guys think? would China mobile be able to take over Telenor??
Monday, January 4, 2010
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2 comments:
I think its not possible.. Telenor is well reputed Co. they are far more older then china mobile,, they have good quality as talk to signals. But china moblie is not as such swift as telenor are. I think china mobile will take at least 50 more year to improve his quality,, but till then too might not b able o take over on telenor..
i think that china mobile can definitely take over telenor. they do have the money for that so why not. they even tried to take over ptcl.
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