On Air Now

Listen

Listen Live Now » 100.3 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
43° Feels Like: 36°
Wind: SE 13 mph Past 24 hrs - Precip: 0.24”
Current Radar for Zip

Today

Rain 43°

Tonight

Rain 40°

Tomorrow

Few Showers 59°

Alerts

Citic to buy UK's CWC, Portugal Telecom stakes in Macau telco

HONG KONG (Reuters) - China's Citic Telecom International and Citic Pacific have agreed to buy a 79 percent stake in a Macau telecom company from U.K.-based Cable & Wireless Communications and Portugal Telecom for $1.16 billion, the Chinese companies said in a statement on Sunday.

Citic Telecom <1883.HK> already owns a 20 percent stake in Companhia de Telecomunicações de Macau SARL (CTM), Macau's leading telecoms company.

(Reporting by Denny Thomas; Additional reporting by Kate Holton. Editing by Michael Flaherty and Jane Merriman)

Comments