Thursday, 27 February 2014

A Chinese takeaway

Interesting to see the Financial Times report today that China Mobile may want to buy stakes in European telecoms companies. See the link: http://www.ft.com/cms/s/0/1ffe8c84-9e20-11e3-95fe-00144feab7de.html#axzz2uLMyQZUz

A few weeks ago I wrote in the Mail on Sunday's excellent business section that China Mobile looked at buying a significant stake in Vodafone last Autumn.

See the link: http://www.thisismoney.co.uk/money/markets/article-2545991/Chinese-state-backed-telecom-giant-looks-buying-Vodafone-stake.html  

While China Mobile seriously considered accumulating a stake of up to 20pc in Vodafone, my understanding from sources close to the FTSE 100 company's largest shareholders is the Chinese company eventually dropped the plan because the group felt it was just being used as a stalking horse ahead of takeover bid from AT&T.

However, I wonder - in light of the Pink's report - whether this means China Mobile has renewed its interest in buying a major shareholding in Vodafone? I will let you, the reader, decide.  

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