Selling shares in China Mobile so as to raise £4bn could be the foremost step taken by Vodafone in yet to be seen series of selling assets procedure by the tele firm.

Chief Executive of the mobile phone giant, Vittorio Colao has already offered his approval to the plans. However, Vodafone is also bearing in mind if it would be better at finding a strategic shareholder for the 3.2% stake or to vend out the shares in the stock market in Hong Kong, since China Mobile is listed there.

Key markets in nations such as India, and continents like Europe and Africa are the places where Mr. Colao wants to streamline his focus.

Vodafone, which did not come forward to offer a comment, possesses a market capitalization worth £81bn however market analysts have made estimation that the value stated is lower by 40% because of its extensive kingdom of minority interests at an international level.

Players and watchers hope that the deal will be in place prior to Colao being prepared to update the market on the firm’s plans in the month of November.

No less than 550 million customers are with China Mobile where Vodafone had initially invested, in comparison to its own 347 million customers all through the world, in the year 2000.

Analysts and bankers as well consider that the firm is possibly going to sell almost 25% holding that it has in Polkomtel, which is one of the top mobile telecoms in Poland, in opposition to purchasing other proprietors.