China Mobile buys Paktel, begins quest for world domination
Vodafone might be the more globally recognizable mobile mega-conglomerate of the two, but if China Mobile has anything to say about it, that's all about to change. The world's largest carrier (Voda weighs in at number two) -- which has historically built its hefty subscriber base in its domestic market -- has made a bold move beyond Chinese borders by purchasing 88.9 percent of Pakistan's Paktel from Millicom International Cellular for a stiff $284 million in cash. Granted, Pakistan isn't any closer to home than China, but if this acquisition-happy philosophy eventually finds its way to the States and ends up scoring us an Amoi, we say "bring it on."[Via The Wireless Report]
