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Beijing-based mobile network operator, China mobile is reportedly interested in investing in Africa to boost services in rural areas. Though the company has not specified neither the region, nor its potential acquisition targets on the continent, it has an ambitious goal to “push business for mobile payments” as stated by Jianzhou Wang Chairman of company.
It would be recalled that recently, the operator concluded a deal that enabled it to acquire a 20% stake in Shanghai Pudong Development Bank, a move expected to help boost its wireless payment and finance operations.
According to Dataxis Intelligence, China mobile is the world’s largest mobile operator with its 539 Million subscriber base of which 7.6 million using 3 G services at the end of March 2010.
It would be recalled that recently, the operator concluded a deal that enabled it to acquire a 20% stake in Shanghai Pudong Development Bank, a move expected to help boost its wireless payment and finance operations.
According to Dataxis Intelligence, China mobile is the world’s largest mobile operator with its 539 Million subscriber base of which 7.6 million using 3 G services at the end of March 2010.