China Mobile has inked a deal to buy a 20% stake in the Shanghai Pudong Development (SPD) Bank for 39.8 billion yuan ($5.83 billion).
China Mobile has inked a deal to buy a 20% stake in the Shanghai Pudong Development (SPD) Bank for 39.8 billion yuan ($5.83 billion).
German cable company Kabel Deutschland has initiated plans for an IPO – expected to be Europe’s largest in more than two years.
Mexican telecoms tycoon Carlos Slim, founder of the America Movil empire, has edged out Microsoft boss Bill Gates as Forbes magazine’s richest person in the world.
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