At the World Economic Forum, Jianzhou Wang, the CEO of China Mobile says the company is anticipating future declines in the Asian stock market. To capitalize on the falling asset valuations, China Mobile may increase its M&A activities in Asia and other emerging markets. Despite the company’s interests in expanding overseas, the latest significant overseas acquisition occurred in early 2007. Much of the company’s focus has been on growing the Chinese domestic markets and improving its ARPU. China Mobile has 369 million subscribers, making it the dominant mobile operator in China.

Previously in January 2007, China Mobile spent $284 million to acquire an 89% stake in Paktel, the fifth largest mobile operator in Pakistan. China Mobile then purchased the remaining shares in May 2007 for 100 percent ownership of Paktel.

This story has been provided by our new research partner Pearl Research.