China Mobile is working with Vodafone to develop new mobile devices

According to foreign http://www.aliyun.com/zixun/aggregation/31646.html "> media reports, mobile operator, the world's largest market capitalisation, said in Wednesday that it would continue to work with Vodafone on high-speed wireless services, Although the latter previously sold a $6.5 billion worth of mobile shares held.

In a Bloomberg interview in Tianjin in Wednesday, mobile chairman Wang said that mobile and Vodafone are working together to develop a new device that supports LTE technology. He noted that Vodafone's sale of mobile shares helped to eliminate "destabilizing factors in the market". Vodafone last week sold a 3.2% per cent stake in its mobile holdings, which is now 6.5 billion dollars. Mr Wang said Vodafone had "no complaints".

"Vodafone's management and board agreed that they had good relations and cooperation with China Mobile," Mr Wang said. They want to maintain the relationship between the move and Vodafone because it is good for both of us. ”

Vodafone will use the proceeds from the sale to repay its debts and repurchase its shares. The company said it might also sell other investments.

Mr Wang said the move was recently met in Europe with Vodafone chief Executive Colao Vittorio Colao. He said two companies will continue to work together to develop high-speed data cards before mobile phones are developed.

In addition, Mr Wang said two companies had failed to reach an agreement to sell Apple products in China, as Apple's iphone and ipad failed to support mobile high-speed wireless networks.

"Unfortunately, we have not reached an agreement," he said. ”

China Mobile 3G Network is based on Self-developed TD-SCDMA technology. China Unicom, the mobile competitor, became the first Chinese operator to sell Apple's iphone last year.

"We've been talking about that," Mr Wang said. I myself met Steve Jobs earlier this year to talk about our cooperation. The negotiations are continuing. We think we can find a solution that is acceptable to both sides. ”