China Mobile currently has 300 million subscribers and is making its first foray into an emerging market. The deal is worth $284M. Apparently the Pakistani mobile market is still small with 46M users. China has 444M users. China Mobile is adding 5M users a month in the China market and this move seems to be in line with its current strategy. China Mobile's chairman was quoted in Businsess Week:
"We are particularly interested in emerging markets," said China Mobile Chairman Wang Jianzhou in an exclusive interview with Business Week late last year. "We are not interested in mature markets like North America or Western Europe."
It would be reasonable to say that the primary entrants in the US market would be MVNOs.
technorati tags:china, pakistan, acquisition, emerging, market
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