China Mobile 5.5 billion buys Thai operator ture18% shares

On the evening of June 9, China Mobile (00941.HK) announced that the wholly-owned subsidiary of China Mobile International Holdings Limited and Thailand's http://www.aliyun.com/zixun/aggregation/34481.html "> Telecom Enterprise T Rue c orporation P C L (hereinafter called T Rue) signed a share subscription agreement with a total transaction price of about 285.700 million baht (about 5.5 billion RMB).   　　After the completion of the transaction, China Mobile International Holdings (rue) has become the second largest shareholder in the 18% interest of the enlarged equity. Public information shows that T Rue is Thailand's only national integrated telecommunications operators and first-class integration service provider, with about 29 million users.   　　According to the agreement, China Mobile will and T ure in technology and network construction, procurement sharing, market development and other areas of cooperation, but the transaction is currently awaiting the approval of the relevant regulatory bodies. Mobile said that China Mobile has all along been looking for opportunities for overseas strategic investment. "T Rue is a leading telecommunications operator in Thailand with a wealth of resource advantages and operational management experience in emerging markets.   　　"China Mobile has access to new user resources, international business resources and new profit growth margins through strategic stakes," the source said. This is not the first time China Mobile has invested in overseas operators. In 2007, China Mobile's acquisition of Pakistani operators has 25.7 million users, Pakistan's third-largest telecoms operator, its international brand "ZO N G" has become more than half of the new user choice. However, in the international operation process, China Mobile also has a "broken" situation. In 2013, for example, China Mobile withdrew its bid for Burma's telecoms licence.