Telstra denies CSL speculation

22 Dec 2004

Australian operator Telstra has played down rumours that it is looking to sell off its Hong Kong mobile unit CSL. The South China Morning Post has reported that the telco is seeking buyers for CSL, which is Hong Kong’s second largest cellular operator with around 1.2 million subscribers but which is struggling to make a profit in the highly competitive Hong Kong market. The paper claims that the Australian company is canvassing other mobile operators to find a buyer for CSL. However, a Telstra spokesperson has told Dow Jones Newswires that it “does not have CSL on the market and isn’t conducting a sale process”.

Australia, Hong Kong, Telstra (incl. Belong)