Telstra completes $1.99 bln sale of Hong Kong's CSL | Bangkok Post: news

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Telstra completes $1.99 bln sale of Hong Kong's CSL

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Australian telecommunications giant Telstra announced Wednesday it had completed the sale of Hong Kong-based mobile business CSL to HKT Limited, with proceeds for its stake totalling US$1.99 billion. 

Telstra says it has completed the sale of mobile business CSL to HKT Limited, with proceeds for its stake totalling US$1.99 billion

Telstra revealed in December it planned to offload the operation, saying while revenue was growing strongly and market share was up, dynamics in the Hong Kong market meant it was time to sell.

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