Scalper1 News
China Mobile, the world’s largest phone company by users, has never used its Apple-like cash hoard to make big acquisitions. But is that about to change? China Mobile (CHL) Chairman Xi Guohua said on the wireless firm’s Aug. 14 earnings conference call that the company is looking for “investment opportunities” that would “help grow our core telecom business.” With some $73 billion of net cash on its balance sheet (Apple (AAPL) reported $165 Scalper1 News
Scalper1 News