Marbridge Daily

<- June 07, 2011 ->

China Mobile Denies Large-Scale Government Probe, 6/07/11

A media spokesperson for China Mobile's (NYSE: CHL; 0941.HK) parent company, China Mobile Communications Corporation, recently denied reports that the Central Commission for Discipline Inspection of the Communist Party of China had launched a large-scale investigation of China's major telecom operators. The spokesperson said that the disciplinary body's investigation, as far as it involves China Mobile, is focused on a few individuals and the majority of the operator's personnel are unaffected, with operations continuing as normal.

Editor's Note: For more information on this topic, please see "Rumor: Chinese Government Launches Probe of Major Telecoms," MD 5/30/11 issue.

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