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Telstra sells HK mobile firm to Li in $2.4B deal

2013-12-20 07:27:12| Biotech - Topix.net

Australia's Telstra said Friday it was selling its Hong Kong mobile phone business to Hong Kong billionaire Richard Li's telecom company in a deal worth $2.4 billion.

Tags: mobile deal firm sells

Australia's Telstra to sell Hong Kong mobiles business to HKT for $2bln

2013-12-20 01:54:09| Telecom - Topix.net

Australia's Telstra Corporation said on Friday it has signed an agreement to sell its 76.4 percent stake in Hong Kong-based mobiles business to HKT Ltd for $2 billion.

Tags: business sell hong kong

Telstra sells Hong Kong business to HKT for USD 2.43 bln

2013-12-20 00:23:00| Telecompaper Headlines

(Telecompaper) Australian communications provider Telstra has signed an agreement to sell its Hong Kong based mobile business CSL to HKT for USD 2.43 billion. The sale, which is subject to regulatory approval in Hong Kong and HKT and PCCW security holder approval, would equate to proceeds of approximately AUD 2 billion for Telstra's 76.4 percent interest. The sale of CSL is expected to generate a profit on sale of approximately AUD 600 million for Telstra. HKT will also acquire the remaining 23.6 percent shareholding held by New World Development. Telstra said that despite this sale, Asia remains an important part of the company's strategy and that it intends to be in the region for the long term.

Tags: business hong kong hong kong

Ooyala gains USD 43 mln investment from Telstra

2013-12-11 22:09:00| Telecompaper Headlines

(Telecompaper) Video streaming and analytics provider Ooyala has received a USD 43 million investment from Telstra, Australia's largest telecommunications company. Ooyala will use the funds to accelerate engineering efforts focused on innovating its video streaming and analytics platform and to support accelerating growth both domestically and internationally.

Tags: investment usd gains mln