IT: China Mobile to buy Millicom
(Financial Times)
Updated: 2006-04-20 15:15
China Mobile has offered 4 bln usd for Millicom International Cellular, a
Nasdaq-listed mobile phone operator focused on emerging markets.
The deadline for the second round of bids for Millicom, which put itself up
for sale in January, had been set for the next few days.
China Mobile, the state-owned parent of the Hong Kong-listed group of the
same name, and up to six other groups would table offers. Potential rival
bidders are identified as Egypt's Orascom, Dubai-based Investcom and Kuwait's
TC, as well as Norway's Telenor and Mexico's America
Movil.
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