The planned acquisition by China Mobile, had it been completed, would have been the largest foreign purchase by any Chinese firm.
Apparently the Chinese decided that their intial offer was a little generous once they looked under the bonnet (technical term for 'due dilligence'). Plus, it seems that China's bureacracy proved about as helpful in getting a deal done as a blindman behind the wheels of a Formula 1 Ferrari.
Lastly the Chinese decided that the sprawling collection of international mobile assets owned by Millicom might prove a bit of a headache to manage - which does not say a great deal about their confidence in Millicom management who were doe to stay on!
So, a new giant and international Chinese tech company to rival Lenovo looks set not to be unleashed - or at least not for now.