Apple in talks with China Mobile over iPhone deal


16.05.2012

Apple in talks with China Mobile over iPhone deal

The world’s largest phone company with 667.2 million mobile-phone subscribers at the end of March, China Mobile Ltd. (941), and Apple Inc. (AAPL) are in talks to offer the iPhone 4S to their customers. Until now, nothing can be sure according to the chairman Xi Guohua, who had his first annual general meeting after his predecessor Wang Jianzhou retired in March, said that China Mobile can not predict if there will be an fairly agreement until end of the year between the two sides.

Because in the present Apple’s iPhone is offered by the biggest competitors of China Mobile, more exactly China Unicom (Hong Kong) Ltd. (762) and China Telecom Corp. (728), China Mobile counts on a shift to a fourth-generation wireless network, in order to stem a decline in market share, with the users who use mobile devices to access the internet, watch videos or play games.

The reaction of Carolyn Wu, a spokeswoman at Apple, remained without comments at he Chairman Xi Guohua, when he stated “China Mobile and Apple both have the will to strengthen cooperation,” and “When there is more specific news, we will disclose it.”

By the latest session of negotiation, China Mobile declined 3 percent, the most since April 23, to HK$85 as of 1:12 p.m. in HK trading. After the shares gone up 12% so far this year, the investors speculates that the fourth-generation network will remarkably boost sales. Another good reason to believe this is that after the company will expand the fourth-generation network to nine cities, and starting from six in 2011. Along this, a total of 200,000 4G base stations will be available next year if the trial will be a success, Chief Executive officer Li Yue stated at today’s meeting.

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