Credit Suisse First Boston: mobile price war unlikely in China in one year

Credit Suisse First Boston made an investigation in Wang Fu Jing of Beijing on the new package launched by China Mobile (0941) which was found not to promote the scheme enthusiastically. Its management revealed that the company is not eager to seize more market shares, for fear that the discount and price preference term of its archrival China Unicom (0762) will be extended by the authority.

China wonˇ¦t see mobile price war in 6-12 months. Therefore, the Credit Suisse First Boston suggested that investors buy China Mobile and China Unicom since a fierce competition is unlikely between them.

Related stock : (941)(762)