Mixed Signals From China Mobile: China Mobile has clarified that it is not looking at India for its expansion, following a report by Business Standard. "We did not make such a statement," China Mobile CEO Wang Jianzhou said. According to Reuters, the CEO said he was still cautious about further international expansion, adding that the current market conditions, however, did provide opportunities for buys. The operator acquired Pakistan-based Paktel for $460mn in 2007 and has plans to invest $500 million in the telco. It is also present in Hong Kong. While hypothesizing about whether the operator will indeed join the fray of telcos and if it does, which one it would want to acquire, is interesting, let's give China Mobile some leeway and wait for action. Airtel's Rural Drive: Untapped demand for services in villages, saturating urban markets and stiff…
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