HONG KONG: SmarTone Telecommunications Holdings Ltd, Hong Kong’s No. 3 mobile phone operator, may buy a smaller rival and pay more dividends after BT Group Plc sells out of the company, chief executive Douglas Li said.
The former British phone monopoly agreed last week to sell its 21% stake in SmarTone to Sun Hung Kai Properties Ltd, giving Hong Kong’s biggest developer control of a company that has returned to profit after two years of losses.
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