No plans to acquire Tencent, says China Mobile

www.WirelessFederation.com/news: China Mobile Ltd, the world’s largest mobile carrier by subscribers has denied any plans of acquiring Tecent Holdings Ltd. According to their spokesperson, Rainie Lei, the recent media reports on China Mobile talking with Tencent were groundless.

The statement was made after a local internet portal cited that China mobile’s delegation led by company’s president Wang Jianzhou visited Tencent headquarters and the two sides held a discussion over the potential acquisition.

Tencent was established a decade ago and it led China’s instant messaging market with its average daily users crossing 137.5 million, informed the official Xinhua Agency in November.

In 2006, China Mobile launched its own instant messaging service, Fetion, in order to attract more subscribers to increase its revenue.

The ranking of Fetion scored to number three among instant message programs after Tencent and Microsoft Corp.’s MSN by the end of September according to a report.