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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.

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CBR Staff Writer

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