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Wharf Holdings kick-starts sale of telecoms business

Connectivity BusinessbyConnectivity Business
June 13, 2016
in Investments, Space Services
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Hong Kong businessman Peter Woo’s Wharf Holdings has reportedly invited more than 12 potential suitors of its telecoms business to submit bids ahead of a sale that could raise US$1bn. In 2015, the telco, Wharf T&T, increased its total turnover by 2% year-on-year to HK$1.99bn (US$256m), operating profit by 3% to HK$362m (US$47m) and free cash flow by […]

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Tags: Anbang Insurance GroupAsia PacificCVC Capital PartnersHKBNi-Cable CommunicationsKKRPremiumSmarTone Telecommunications HoldingsTF247TPGTsinghua UnigroupWharf HoldingsWharf T&T
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