Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation

HONG KONG TELECOM PLANS $1BN SHARE BUYBACK

The latest rumor suggests that Hong Kong Telecom may launch a near 1bn dollar share buyback scheme. The aim of the scheme would be to find a way ease a future agreement between Cable & Wireless Plc and China over future projects within the country. Some analysts believe Hongkong Telecom could buy back up to 10% of its shares, with neither C&W nor the Chinese participating. This would raise the size of both shareholders’ stakes allowing China to buy a more substantial share.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.