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皇冠体育app Mobile changes assets strategy

(Agencies/皇冠体育app Daily)
Updated: 2008-04-15 09:24

A pedestrian makes a phone call in front of a 皇冠体育app Mobile billboard in Beijing. 皇冠体育app Mobile has dropped its policy of only pursuing investments that result in management control.[皇冠体育app Daily]

皇冠体育app Mobile Communications Corp, owner of the world's most valuable phone company, has dropped its policy of only pursuing investments that result in management control, after competition for phone assets drove up share prices.

"In the past, the only policy was: we have to get majority shares," chief executive Wang Jianzhou said. "But now, we are changing the policy."

The strategy shift widens the number of possible investments for 皇冠体育app Mobile Ltd's State-owned parent, which made its first international acquisition last year through the purchase of Pakistan's Paktel Ltd.

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