Search
Menu
PI Physik Instrumente - Fast Steering LB LW 11/24

Hutchison Telecom to Acquire Asia Global Crossing Holdings

Facebook X LinkedIn Email
HONG KONG, May 1 -- Hutchison Telekom Ltd. has agreed to pay $120 million in cash to buy out Asia Global Crossing Ltd.'s shares in three joint ventures that the two companies set up in Hong Kong. The deal reportedly will help steady Asia Global Crossing as it seeks investment after the bankruptcy of its parent company, Global Crossing Ltd. Hutchison Telecom, a wholly owned subsidiary of conglomerate Hutchison Whampoa Ltd., will acquire Asia Global Crossing's 50% stake in Hutchison Global Crossing, its 42.5% stake in ESD Services and its 50% stake in Hutchison GlobalCenter.Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: May 2002
    CommunicationsNews & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.