China Mobile eyes CSL bid, FT.com, 24 Jan 2005

“China Mobile is considering a bid for CSL, Hong Kong's second-largest mobile phone operator, owned by Australia's Telstra, in a deal that could be worth about US$1.8bn and mark the latest overseas foray by a state-owned Chinese group. People close to the situation said China Mobile was looking at a CSL takeover, which would enable the Chinese group to lessen the impact of rising competition in its home market.�

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