China Mobile seeking small stakes in global peers

BEIJING (Reuters) - China Mobile, the world’s largest mobile phone operator, said on Saturday that it was seeking small stakes in global telecom firms because controlling stakes had become too expensive.Although minor holdings would give China Mobile only limited sway over target companies, Chief Executive Wang Jianzhou said there would be wider benefits from such deals.

“Entering into international telecom firms as small shareholders can help us learn from their experiences and gradually develop further,” he told a seminar on the sideline of the Boao Forum for Asia in southern China.