Rumor: Telstra to Spin Off Autohome, Lmobile

Tencent Tech, 9/19/10

Australian telecom operator Telstra plans to spin off automobile website Autohome and Chinese wireless value-added service provider LMobile following the successful listing of Chinese real estate search engine Soufun (NYSE: SFUN), in which Telstra holds a controlling interest. According to an industry source, Autohome will list before the end of the year, and LMobile will list overseas in 2011 or 2012.

Editor's Note: For more background on this topic, please see "Telstra Purchases Stake in Auto and IT Websites" MD 6/27/08 issue, and "Telstra Invests USD 100 Mln in Lmobile", MD 5/10/10 issue.

Keywords: SFUN IPO Internet automobile overseas wireless SouFun Autohome Telstra LMobile online real estate foreign operator SP vertical portal mobile advertising

Feedback

Sending

Disclaimer

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.

Marbridge Daily