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China Mobile May Invest in Thai Telecom Operator

C114, 3/01/11

The Bangkok Post recently reported that China Mobile (NYSE: CHL; 0941.HK), Japanese mobile communications operator NTT DoCoMo, and South Korean telecom operator SK Telecom have been in discussions with the Thai Government to invest in Thailand's largest privately-owned telecom operator AIS, which owes the Thai government billions of USD.

A Thai source revealed that ICT minister Juti Krairiksh has invited China Mobile and NTT DoCoMo to submit investment proposals in two weeks' time.

Keywords: overseas M&A Juti Krairiksh M&A China Mobile NTT DoCoMo wireless SK Telecom CHL Thailand 0941.HK AIS foreign operator

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