Market Chatter: Hutchison Telecom Hong Kong's Macau Unit Sold to CTM

MT Newswires Live09:58

Hutchison Telecommunications Hong Kong (HKG:0215) has sold its Macau mobile business to rival Companhia de Telecomunicações de Macau, The Standard reported Wednesday, citing Macau media.

Shareholders of Hutchison Telecom Macau, which operates mobile services under the "3" brand, have been changed to CTM and CTM (HK), according to a Macau government commercial registration record cited in the report.

The two companies under Citic Telecom International (HKG:1883) together hold shares with a par value of 10 million patacas, or about HK$9.7 million in Hutchison Telecom Macau, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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