CSL to merge with New World Mobile in Hong Kong.(New World Mobile Holdings Ltd.)(Telstra Corporation Ltd.)(Brief Article)

Telecomworldwire | December 9, 2005 | Copyright

TELECOMWORLDWIRE-9 December 2005-CSL to merge with New World Mobile in Hong Kong(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

A new mobile operator is to be created in Hong Kong following the intended merging of CSL, the Hong Kong-based mobile business of Telstra Corp, with New World Mobile Holdings Ltd.

Australia-based Telstra said it had agreed the merge and confirmed that it will receive HKD244m in cash and own 76.4% of the merged business, with the remaining 23.6% owned by New World Mobile. According to Telstra, the new company, to be called CSL ...

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