Hutchison Telecommunications Hong Kong saw its shares surge as high as 9.8 per cent in trading on Monday after the company moved to divest its fixed-line business, Hutchison Global Communications , for US$1.9 billion in cash. Photo: Bloomberg

Hutchison Telecom shares rise on divestment of fixed-line business

Sale marks latest foray by infrastructure funds and private equity companies in the highly competitive fixed-line network market in Hong Kong

Topic |   Hutchison Whampoa

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Hutchison Telecommunications Hong Kong saw its shares surge as high as 9.8 per cent in trading on Monday after the company moved to divest its fixed-line business, Hutchison Global Communications , for US$1.9 billion in cash. Photo: Bloomberg
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