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Hutchison sells Hong Kong fixed business for HKD 14.5 billion

2017-07-31 09:25:00| Telecompaper Headlines

(Telecompaper) CK Hutchison has agreed to sell its fixed network in Hong Kong in order to focus more on mobile services. The investment group I Squared Capital will buy Hutchison Global Communications (HGC) from Hutchison Telecommunications Hong Kong Holdings (HTHKH) for HKD 14.5 billion (EUR 1.58 billion). The transaction is expected to close by October.

Tags: business hong kong fixed

Category:Telecommunications

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