Tuesday, October 30, 2007

China Mobile may buy stake in South Africa's MTN

China Mobile Ltd (HK 0941) is expected to buy a stake in MTN Corp, South Africa's largest mobile telecom operator, the official Shanghai Securities News reported, citing sources.

The report did not provide details.

In February, China Mobile bought an 88.86 pct stake in Pakistan's Paktel from global telecom investor Millicom International Cellular SA.

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