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Rumor: China Mobile to Establish Corporate Client Subsidiary

CWW, 7/22/11

An industry source close to China Mobile (NYSE: CHL; 0941.HK) recently claimed the operator's plans to spin off its corporate client division as a subsidiary were under way and could be announced in the near future. Plans call for the entire process to be completed in August. With the establishment of the new subsidiary, the source said, China Mobile will move further into line with GM Li Yue's strategy of increasing China Mobile Group-level oversight.

Keywords: Li Yue China Mobile strategy wireless CHL 0941.HK corporate user

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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