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Rumor: Ultrapower to Lose Fetion Revenue Share, 11/08/11

An industry source said yesterday that in ongoing Fetion mobile IM operations contract renewal negotiations with Beijing-based IT solutions provider Ultrapower Software (300002.SZ), China Mobile (NYSE: CHL; 0941.HK) proposed abandoning the current revenue share business model in favor of a one-time payment for support services rendered. China Mobile also proposed reducing the length of the contract term from three years to one year.

Editor's Note: For more background on this topic, please see "Rumor: China Mobile to End Revenue Share with ASPire" MD 7/12/11issue.

Keywords: mobile application mobile data China Mobile wireless Fetion mobile IM business model CHL revenue share 0941.HK Ultrapower 300002.SZ IT services


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