China Mobile buys a stake in Phoenix Satellite of Hong Kong
文章来源: samnut2006-06-15 15:15:05

China Mobile is one of the world's largest cellular phone service providers and China's largest.  That means it has money.

It just spent $180 million to buy one/fifth (19.9%) of Phoenix Satellite Television of Hong Kong.

Phoenix Television is China's largest foreign-owned television broadcaster.

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