City telecomRSS

Hong Kong’s City Telecom to sell off network for $644m

City Telecom spent around $400m on building its fibre-based broadband network
April 11, 2012 Written by Jamie Beach

City Telecom, one of the biggest telecoms operators in Hong Kong, has signed an agreement to sell its telecom and broadband assets to local company Metropolitan Light Co. for around HK$5bn ($644m).

Tags; City telecom, CVC Capital Partners, fibre, HKBN, Metropolitan Light Company, Asia Pacific, Broadband, Networks, News & Analysis, Operator