Business Services Industry
CHINA MOBILE EYES JV WITH BRITAIN'S VIRGIN GROUP.
AsiaPulse News, December, 2004
BEJIJNG, Dec 8 Asia Pulse - China Mobile may form a joint venture with Britain's Virgin Group to provide mobile communication service.
Virgin Group had earmarked US$300 million for a mobile phone joint venture in China, the worlds largest mobile market by users, sources said.
Virgin Group, whose mobile operations resell other carriers service under the Virgin brand, aims to have a 50-50 venture with a Chinese partner in operation in 12 to 18 months.
Virgin Group was in talks with several companies about a mobile phone venture in the mainland, but declined to name his potential partners in a country with more than 300 million cellular subscribers.
China Mobile (Hong Kong) has about two-thirds of the market.
In addition, China has...
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