Hong Kong intensifies CSL takeover review

News General Hong Kong 1 JAN 2014
Hong Kong intensifies CSL takeover review
Hong Kong's Communications Authority has intensified its review of a takeover deal of CSL New World Mobility by HKT. A government source told the South China Morning Post that the regulator has hired a consultant to investigate concerns that the transaction would give HKT owner Richard Li too much power in the telecommunications market. Due to the complexity of the deal as well as the time needed to assess feedback from the consultant, the Communications Authority's review is likely to take more than three months. HKT aimed to complete the deal by March.

Categories:

General

Companies:

CSL,  HKT

Countries:

Hong Kong

Tags:

Regulations, M&A buyouts & divestments

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