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Chinese Market Gets Tough for Britain's Vodafone.
Byline: Ray Heath
Nov. 14--A year ago Vodafone chief executive Sir Christopher Gent pulled off what some said could be the telecoms deal of the century -- buying a 2 percent stake in cellphone giant China Mobile.
Last week, Gent was back in China opening a new Vodafone office in Beijing, and predicting a great future for the Chinese mobiles market and Vodafone's role in it.
Yesterday Vodafone wrote UKpound 300 million off the value of its stake in China Mobile.
What went wrong? When Vodafone bought its stake, China Mobile was the darling of the Hong Kong stock market, where it is quoted. Analysts were putting out buy notices like confetti, and extrapolating impressive figures for mobile phone usage in the world's most populous state.
- CHINA MOBILE (HONG KONG) LIMITED ANNOUNCEMENT.
- News wire article from: AsiaPulse News October 25, 2002 700+ words
...Wholly-Owned Subsidiary of China Mobile (Hong Kong) Limited The Board of Directors of China Mobile (Hong Kong) Limited announces that...October 2002 issued by China Mobile (Hong Kong) Limited (the ``Company...
- China Mobile, Hong Kong CSL and Nokia demonstrate MMS services over live GPRS...
- Press release article from: M2 Presswire May 16, 2002 700+ words
...2002-NOKIA: China Mobile, Hong Kong CSL and Nokia...RDATE:05162002 China Mobile Communications Co. Ltd. and Hong Kong CSL Ltd. have...service launched by Hong Kong CSL in March...general manager of China Mobile, and Mr. Hubert...
- China Mobile, Hong Kong CSL and Nokia Demonstrate MMS Services Over Live GPRS...
- Press release article from: Business Wire May 16, 2002 700+ words
...record in MMS. China Mobile Communications Co. Ltd. and Hong Kong CSL Ltd. have successfully...service launched by Hong Kong CSL in March 2002...general manager of China Mobile, and Mr. Hubert...between Beijing and Hong Kong using the Nokia...
- Signing of strategic alliance agreement between Vodafone and China Mobile (Hong...
- Press release article from: M2 Presswire February 27, 2001 700+ words
...agreement between Vodafone and China Mobile (Hong Kong) (C)1994-2001 M2...Plc ("Vodafone") and China Mobile (Hong Kong) Limited ("CMHK...competitive strength of both China Mobile (Hong Kong) and Vodafone in addressing...
- Company Profile: China Mobile (Hong Kong) Limited.
- Newspaper article from: China Business News May 13, 2005 700+ words
Company Profile: China Mobile (Hong Kong) Limited General information China Mobile (Hong Kong) Limited was incorporated in Hong...Structure Shareholder Shares(%) China Mobile (Hong Kong) Group 75.6% Limited Free float...
- China Mobile Hong Kong focuses on 2G.
- Magazine article from: RCR Wireless News MOONEY, ELIZABETH V. March 26, 2001 700+ words
NEW YORK--China Mobile Hong Kong does not need 3G to take advantage...years for 2G development." China Mobile Hong Kong's subscriber numbers give...a CDMA network." Today, China Mobile Hong Kong is working on a gradual evolution...
- China Mobile (HK) mulls buying back 10% of its Hong Kong-listed shares.
- Newspaper article from: China Business News October 15, 2002 700+ words
China Mobile (HK) mulls buying back 10% of its Hong Kong-listed shares Shanghai...Wang Xiaochu, CEO of China Mobile (Hong Kong), the listing arm of...largest wireless carrier China Mobile, confirmed that the...
- China Mobile Hong Kong buys networks.
- Magazine article from: RCR Wireless News October 9, 2000 700+ words
HONG KONG--China Mobile Hong Kong is buying seven mobilephone networks from China Mobile Communications, its parent company, for about US$33 billion. China Mobile Hong Kong will sell US$2.5 billion of shares to Vodafone Group plc...