China Mobile Ltd., the world's biggest phone company by market value, plans to expand its services by offering broadband Internet after a reorganization of the industry, Chairman Wang Jianzhou said.

``We will focus on broadband-based multimedia services, we'll focus on corporate users,'' Wang said in a Bloomberg Television interview today in Tianjin, where he's attending the World Economic Forum's New Champions meeting. ``We will set up a strategy for fixed-mobile convergence services.''

The Chinese government in May ordered the nation's six state-owned carriers be merged to create three companies each able to offer mobile, fixed-line and Internet services. China Telecom Corp. and its parent are buying the smaller of China Unicom Ltd.'s wireless businesses as part of the revamp. Unicom is also taking over fixed-line carrier China Netcom Group Corp.

``After the fixed-line operators get licenses for mobile, China Mobile will get fixed operations at the same time,'' Wang said.

Separately, China Mobile is in talks with Apple Inc. to offer the iPhone in the world's largest handset market, though no agreement or timetable has been reached, he said. China Mobile had about 429 million subscribers at the end of August, more than the U.S. population.

Apple may begin shipping a customized version of its iPhone for China Mobile by as early as November, Daiwa Institute of Research Ltd. analyst Calvin Huang wrote in a note to clients this month.

China Mobile has enough cash to withstand any crisis, Wang said, when asked about how the global financial turmoil is affecting the company.

China Mobile fell 3.2 percent to HK$77.75 as of 11:29 a.m. in Hong Kong trading. The stock has fallen 44 percent this year.

Source:Bloomberg