China Mobile Ltd., the leading mobile telecommunications operator in China, has clarified that it has no plans to invest in the Indian market.
It denied a report in an Indian newspaper, which was later circulated by an international agency that the company is in talks with Reliance Communications Ltd. about a strategic partnership.
"Currently, China Mobile has no plans to invest in the Indian telecom market," the company’s spokeswoman Rainie Lei told TNN on Monday.
"I have seen the news report in India and checked. There is no deal," she said referring to a report that said the two companies had preliminary talks of 5-6% equity partnership.
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