China Netcom mulls Asia Netcom sale

8 Nov 2005

China Network Communications Group (China Netcom) is in talks with Telefonica to sell a strategic stake in its submarine cable carrier Asia Netcom. The Spanish telco already owns a 5% in China Netcom Group (Hong Kong), the Chinese telco’s overseas listed arm. Other potential buyers for a major stake in Asia Netcom are named by the South China Morning Post as ‘an Indian company’, and Singapore Technologies Telemedia.

China, China Netcom