Since 2009, state-owned telecom China Mobile had been trying to get regulatory approval to buy 12 per cent of Taiwan’s Far EasTone operator, in what was the first agreement by a Chinese group to invest in a Taiwanese one.
The problem: In 2009, Taiwan didn’t let Chinese groups invest in its core telcos. The two had hoped that might change, but it hasn’t. So, as of Thursday, the deal is officially dead – at least until Taiwan liberalises more, says China Mobile. Continue reading »
All mobile phonemakers know just how important China is to their fortunes. With around a billion mobile phone customers, and many poised to upgrade to smartphones, the industry is at a crucial point.
So Apple followers and investors should be cheered by the company’s announcement on Monday that it sold over 2m units of its new iPhone 5 in China, just three days after the December 14 launch. Game over? Not quite. Continue reading »
For Nokia, any glimmer of hope is good news. The Finnish phonemaker and networks company on Thursday announced its Q2 results. Despite sales falling 19 per cent and a loss of €826m, its shares were up 14 per cent at one point.
So where’s the positive news coming from? Not China, certainly – yet. Despite high hopes for the country, it was the worst performing region by net sales.
Continue reading »