China Mobile Eyes iPhone Deal

The company is reportedly in talks with Apple.
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Cell-phone company

China Mobile

(CHL) - Get Report

is reportedly in talks with

Apple

(AAPL) - Get Report

about a plan to sell the iPhone in China.

The

Associated Press

, citing China Mobile's CEO, said a deal hasn't been reached yet because the sides haven't agreed on a revenue-sharing arrangement. The report said the company's chief made the comments at a conference in Macau.

Shares of Apple were up 4.6% to $160.75 in premarket trading Tuesday. China Mobile was gaining 2.8% to $83.