Network lease

2008-12-30 | NEWSPAPER EDITION

CHINA Mobile Ltd, the world's biggest phone company by market value, said it will pay its parent about 1 billion yuan (US$145 million) to lease a network for high-speed mobile services next year. The agreement was reached yesterday and will last one year, during which fees will be determined by the usage of the network capacity, the telco said in a statement to Hong Kong's stock exchange.

Expansion plans for Africa

China Mobile Ltd has Africa and the Middle East as priorities for international expansion this year and is considering setting up a virtual wireless network in Europe, the London-based Financial Times reported. The...