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Hutchison Telecom has no plans to sell Sri Lanka unit

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

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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)


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