Source:
https://scmp.com/comment/blogs/article/1083747/china-mobile-loses-cable-warBlogs
China Mobile loses cable war
Customers look at a mobile phone at a branch of China Mobile in Wuhan, Hubei province April 20, 2012. Photo: Reuters
The news wires are buzzing today with word that wireless titan China Mobile (HKEx: 941; NYSE: CHL) appears to have lost a major battle to quickly become a major player in the fixed-line broadband space by purchasing a stake in a new national cable TV operator now being formed.
If the reports are true, this development certainly wouldn't surprise me since regulators in Beijing are probably quickly tiring of listening to the constant complaints coming from China Mobile, which believes it was treated unfairly in the country's awarding of 3G wireless licenses 3 years ago.