Rumours suggest NWM and CSL may merge

14 Nov 2005

According to the Oriental Daily News, New World Development and Telstra Corp could announce this week plans to merge their Hong Kong wireless operations. Quoting market sources, the report suggests that Hong Kong CSL and New World Mobile (NWM) could form a 75/25 joint venture, which, the parents hope, will be able to retain significant market share in the face of an increasingly competitive market.

Hong Kong