C&W unit sells part of M1


  • Business
  • Wednesday, 15 Jan 2003

A SUBSIDIARY of Britain’s Cable & Wireless plc (C&W) has sold an 18% stake in Singapore mobile phone group MobileOne Ltd (M1) for a net S$235mil. 

C&W's 51%-owned unit Great Eastern Telecommunications Ltd (GET) had offered to sell up to 66% of its 30% stake in M1 when the latter was floated as Singapore’s second largest cellular operator in early December. This sale represents 60% of that 30% stake. 

C&W said its share of the sale proceeds was around S$120mil. GET’s other shareholder, Hong Kong’s PCCW-HKT Ltd, would receive the balance. – Reuters  

For more business news click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

Asia shares spooked by US inflation scare, hope for Fed calm
Asia shares spooked by US inflation scare, slip to 7-week lows Thursday
Bitcoin ticks back in Asia after Musk tweet sent price down 17%
Tesla stops taking bitcoin payments for vehicles over climate concerns
Vegetable Oils surge, Soy futures reach highest since 2012
Jobs, inflation data surprises not changing Fed plans
Oil price rises to 8-wk high on demand hopes, U.S. export decline
GLOBAL MARKETS-Wall Street skids on inflation fears; USD, bond yields jump
Capitalising on loan growth
Teo Seng invests in new equipment

Stories You'll Enjoy


Vouchers