Hutchison Telecom has no plans to sell Sri Lanka unit

18 January 2010 07:08 am - 1     - {{hitsCtrl.values.hits}}

A A A

Hutchison Telecom International's Sri Lanka unit will stay with the group, with new investments planned to increase coverage, while the parent is being de-listed from the Hong Kong stock exchange, an official said.
 

Hutchison Whampoa, the ultimate parent of the group, has made a general offer to Hutchison Telecom International to buy them out at US$545 million and go private. Conglomerate Hutchison Whampoa is owned by Li Ka-shing, one of Asia's richest men.
 

"Hutchison Telecommunications has no plans of selling their Sri Lankan operations to anyone else," a senior official at Sri Lanka's Hutch said on condition of anonymity.  (Market Trading)

  Comments - 1

  • Marilou Tuesday, 22 July 2014 08:56 AM

    Great delivery. Great arguments. Keep up the amazing
    work.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Wanathawilluwa forest clearance: Whodunit?

Days after the Anawilundawa Ramsar Wetland, situated in Puttalam District, ma

‘I’m scared to see her face’

On August 13, a woman happened to meet a child who was in desperate need of h

Kidneys that whisper death

A flute version of Beethoven’s ‘Für Elise’ was echoing from a distance

Burning Panamanian tanker leaves SL authorities gutted

Weeks after MV Wakashio, a Japanese-owned bulk carrier, ran aground a coral r