Hutchison Telecom Plans To Spin Off Hong Kong Business - Report
01 Março 2009 - 9:26PM
Dow Jones News
Hutchison Telecommunications International Ltd. (2332.HK) plans
to spin off its Hong Kong fixed-line and mobile phone businesses in
an initial public offering later this year that could raise as much
as HK$2 billion, the South China Morning Post reported Monday,
citing unnamed sources.
The report said Goldman Sachs Group Inc. (GS) was hired to
arrange the deal.
Hutchison Telecom operates mobile and fixed-line telecom
services in Hong Kong, and mobile services in Macau, Israel,
Thailand, Sri Lanka, Ghana, Indonesia and Vietnam.
Newspaper Web site: http://www.scmp.com
-By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002;
djnews.hongkong@dowjones.com