The Wall Street crowd thinks that the state-mandated consolidation of the fixed line and mobile phone industry will hurt China Mobile.
My take is very different. I believe that eliminating CHL’s small but pesky competitors will be a big positive over the longer term. Remember, those small, unprofitable companies are subsidized by the Chinese government. Getting rid of them is good for China Mobile.
Related Posts
- China Mobile still growing like a weed (06/18/08)
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- China Mobile to offer iPhones in China (06/27/08)
- Harvard loads up on China Mobile (05/18/09)
- Profits at China Mobile rise 45% (08/26/08)
