China Mobile: no interest in SmarTone

6 Oct 2005

China Mobile has denied reports linking it with the Hong Kong mobile operator SmarTone. A company spokesperson told Dow Jones: “It is only market speculation. We currently have no plans to buy SmarTone”. The Chinese firm has agreed to take a 66.5% stake in another Hong Kong operator, People’s Telephone, which does not hold a 3G licence, leading to speculation that a bid for a 3G licensee could follow.