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08-Mar-10
China Mobile hammered for unexplained banking splurge

China Mobile will use some of its $30 billion cash on hand to buy a 20% stake in Shanghai Pudong Development Bank. "Investor reaction was brutal, wiping over $10 billion off its total capitalization.". Read more...

03-Mar-10
“You don’t need to buy a bank to get into mobile banking"

China Mobile's chairman believes the potential purchase of a stake in Pudong Bank will help the mobile operator build, launch, and operate mobile financial services. Analysts that cover China think differently - they believe that purchasing a bank to deliver mobile commerce services is a dubious proposition. . Read more...

14-Feb-10
Zain to sell most of its African assets to Bharti for $10.7 billion

Zain has been offered $10.7 billion for the majority of its African assets by India’s Bharti Airtel Ltd. Bharti is seeking to find growth in emerging markets, as competition in its home market in India intensifies. . Read more...