HKT raises USD1bn in rights issue

22 Jul 2014

HKT Trust, a telecom trust majority owned by Hong Kong telecoms group PCCW, and controlled by Hong Kong tycoon Richard Li, raised HKD7.9 billion (USD1.02 billion) in a rights issue last week, FinanceAsia reported. The proceeds will be used to pay loans taken on to finance the recent acquisition of rival Hong Kong cellco CSL New Word Mobility by PCCW (HKT). The rights issue was 99.38% taken up, with PCCW subscribing to 63% of the offering, with other existing shareholders taking up the remainder.

Hong Kong, PCCW Group, PCCW (HKT), CSL New World Mobility,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share