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Home >> Business
UPDATED: 16:59, September 20, 2005
China Mobile denies bid for Indian telecom company
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According to a report by foreign newspaper dated Sept 19, China Mobile is considering acquiring the Indian telecom operator Reliance Infocomm. The report said China Mobile is the second company that shows interest in Reliance, the other one being Russia's AFK Sistema.

However China Mobile denied the report. A spokesperson of the company said, "Senior executives of China Mobile did visit India and meet with some local operators, but they talked nothing about acquisition."

Reliance Infocomm provides GSM-based mobile service to 1.54 mln users at present, occupying 2.4 percent of Indian mobile communication market.

By People's Daily Online


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