Sunday Communications will look for an overseas partner rather than merge with a local player to break into the next-generation mobile services market, according to group managing director Craig Ehrlich.
'An overseas (partnership) is possible,' Mr Ehrlich said.
'Sunday is perceived as valuable to [potential buyers].'
He said the announcement earlier this week that British Telecommunications (BT) might dispose of a 20 per cent stake in SmarTone Telecommunications would not make local players less attractive as partners for foreign companies.
'I think BT probably thought SmarTone had too much debt in Europe,' Mr Ehrlich said.
He said Sunday, which listed in April, had HK$800 million cash and a HK$1 billion credit line, enough to buy a third-generation licence in Hong Kong.