摩通:料中移动(0941.HK)不会投资巴西电讯商Oi
摩通发表的研究报告指,巴西传媒指华为及中移动(0941.HK)
或联手投资经营困难的巴西电讯商Oi,华为早前已否认有兴趣,该行不认为中移动正考虑投资巴西电讯商Oi,但有可能曾就其状况作出查询。
该行指出在2017年底至2018年初曾有广泛报道指中电信(0728.HK)
有兴趣收购Oi,但对其是否真的有兴趣仍存疑问。该行指出中国的电讯商一向对海外并购持开放态度,故会向很多潜在的收购机会进行研究,但他们对海外投资方面倾向审慎、保守,考虑到巴西地理位置较远,加上与本地电讯营运协同效应有限,而Oi财务状况亦欠佳,不符中国电讯商海外投资的条件,所以认为作出重大投资的可能性极微。
此外,中资电讯商可选择将风险较高、较难预测的投资放在母公司层面,有助为上市公司股东带来更多保障,以中移动为例其母公司于2007年收购了巴基斯坦电讯商PAKTEL,而中电信母公司去年亦进入了菲律宾电讯市场。
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