Monday, August 07, 2006

China Mobile will back to domestic stock market

AT&T coveting controling one mobile carrier in China
8/7/2006, President of great China area of AT&T, Mr. Li, Shengzhi told local press that AT&T will have interest on any oppunity in China telecom market.
He said:"After 22 years struggle in China market, China market has become one of the most important market on revenue increase in Asia Pacific market. In the first quarter of 2005, China market increased by 30%. Last year, AT&T also moved headquarter of great China division back to Shanghai from Hongkong. Now AT&T has more than 300 customers in China."

Li also said they would not be satisfied to just purchase some stock in second class market like Vodaphone, they want to  to be a controlling power in some Chinese mobile carrier.

China Mobile will back to domestic stock market
8/7/2006, "About go public in Domestic A stock market, We are now waiting for the approvement by CSRC(China Securites Regulatory Commission) ." One of a VP of China Mobile told local press. But he didnot say anything about the financial aim and when China Mobile can go public in A stock market.
Spokeman of China Mobile, Mr. Lei yu states that back to domestic market is a long-run process. But he denied to publish more information about this.
CEO of China mobile, Mr. Jianzhou Wang said in shareholder conference this may that he hopes China Mobile can go back to A stock market. Persons who are close to China Mobile think that no evidence show that this process can be launched right now, it need to wait CSRS's further suggestion.  


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