HK Telecom surrenders licence
PUBLISHED : Wednesday, 01 April, 1998, 12:00am
UPDATED : Wednesday, 01 April, 1998, 12:00am
Hongkong Telecom has formally surrendered its exclusive international licence to the Government. In return, it received $3.35 billion, the first instalment of its cash compensation package. The company will receive another $3.35 billion on July 1.