Latin America

China Mobile Denies Bidding For Millicom
24 April 2006

CHINA KNOWLEDGE (CHINA)--China Mobile denied it is among the bidders for Millicom International Cellular, a listed mobile phone carrier in NASDAQ, according to State-run Xinhua news agency. Raunie Lei, the corporate communication manager of China Mobile (Hong Kong) Ltd. said, “The Hong-Kong-listed company is not involved in the bidding process, and we have not heard that our mainland parent is involved either.” The Financial Times reported Thursday that China Mobile, the largest mobile operator in China, aims to bid for Millicom International Cellular. Millicom operates mainly in five regions: Southeast Asia, South Asia, Central America, South America and Africa with networks in Cambodia, Vietnam, El Salvador, Guatemala, Pakistan and Sri Lanka. Source: http://www.chinaknowledge.com/news-detail.aspx?id=2809 (Reliability: 6)