China Mobile denies it plans to buy stake in Singapore firm M1

An employee from China Mobile Ltd explains 5G technology at an exhibition hall in Beijing. [Photo/Xinhua]

China Mobile, the world's largest telecom carrier by subscribers, on Monday denied media report that it was considering to acquiring a stake in Singapore telecom company M1 Ltd.

The company said in a reply to China Daily that "China Mobile is not involved in the (investment) project."

Reuters reported on Friday that top shareholders in Singapore telecoms company M1 Ltd have approached potential buyers including China Mobile to sell their stake in the firm.