China Mobile eyeing investment in five countries

Chinese telco has invited bids from consulting firms to do market research on opportunities in Germany, South Africa, Brazil, Portugal, and North Korea.

China Mobile, the world's largest mobile phone operator by subscribers, is mulling investments in five countries: Germany, South Africa, Brazil, Portugal, and North Korea.

The telco has invited bids from various consulting firms to do related research, according to Morning Whistle in a report Sunday.

Wang Jianzhou, chairman of China Mobile, said last March the company was looking to expand further overseas but had been held back by high prices, according to the report. "We saw opportunities, but the prices are far too high. That's why China Mobile has made little progress in overseas expansion in recent years," Wang said.

In 2007, China Mobile made its first overseas foray with its US$284 million acquisition of Pakistani operator Paktel , now known as CMPak.

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