• Sat
  • Apr 19, 2014
  • Updated: 3:43pm

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.


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