China Mobile eyes growth in emerging markets

China Mobile is on the lookout for acquisition opportunities in emerging markets such as Myanmar, highlighting its ambitions to expand overseas, Reuters reported, citing the company’s chairman, Wang Jianzhou. The world’s largest mobile operator by market value invested about US$300 million last year in Pakistan, a country with a booming telecom sector boasting approximately 100 million mobile phone subscribers. According to Wang, China Mobile has already reached about 10 million subscribers in Pakistan. The company is also trying to purchase a 12% stake in Taiwan’s Far Eastone, though the deal has stalled on Taiwanese national security concerns.