View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 9, 1997updated 05 Sep 2016 12:55pm

CHINA’S MPT MAY TAKE STAKE IN HONG KONG TELECOM

By CBR Staff Writer

China’s Ministry of Post and Telecommunications looks poised to take a stake in Hong Kong Telecommunications Ltd following rumors that Cable and Wireless, the operator’s controlling shareholder, will cut its stake before the Chinese takeover in July. Earlier reports had suggested that the company most likely to acquire a stake in Hong Kong Telecom was China United Telecommunications Corp, China’s second state-owned telecom company, but Linus Cheung, chief executive officer of Hong Kong Telecom said that we have been co-operating with MPT and such co-operation has been more intimate than with China Telecom. Analysts forecast that a deal will be struck with a Chinese company because telecommunications is seen as a strategic industry in Hong Kong. Hong Kong Telecom claims to have around 90 percent of Hong Kong’s telecom market, and employs more than 15,000 people.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU