CMHK denies Millicom bid stories

25 Apr 2006

Reports have appeared in several newspapers suggesting that China Mobile (Hong Kong) Ltd (CMHK) is on the verge of making a USD4 billion offer for Millicom International Cellular. However, state-run news agency Xinhua claims that CMHK has denied the story. A spokesman for the world’s largest cellco by subscribers is believed to have said that neither it nor parent company China Mobile Communications Corp is involved in the bidding for the Luxembourg-based company.