China Mobile Ends Pact to Buy 12% Stake in Taiwan’s Far EasTone

China Mobile Ends Pact to Buy 12% Stake in Taiwan’s Far EasTone

Jerome Favre/Bloomberg

China Mobile Ltd. said when announcing the deal that it would benefit from Taiwan’s “more advanced” third-generation wireless technology. China Mobile would have gotten a seat on Far EasTone Telecommunications Co.’s board and become its second-largest shareholder.