Hutchison to end CAC investment soon<\/p>\n
HONG KONG: Hutchison Telecommunications International Ltd., a
\ncellular phone company controlled by Hong Kong billionaire Li Ka-
\nshing, said it would complete its investment in Indonesian cell
\nphone operator PT Cyber Access Communications "soon".<\/p>\n
Hutchison Telecom had put its US$120 million bid for 60
\npercent of Cyber Access on hold over plans by the Indonesian
\ngovernment to license more players and reallocate spectrum
\nalready licensed to Cyber Access, the South China Morning Post
\nreported on Wednesday, without citing anyone.<\/p>\n
"It's not true that we have put things on hold," said Mickey
\nShiu, a spokeswoman for Hutchison Telecom. "We are closing the
\ndeal soon and we look forward to entering the Indonesian market."<\/p>\n
Thailand's Charoen Pokphand Group will retain a 40 percent
\nstake in the Indonesian cell phone network operator and the two
\nwill jointly invest $300 million in Cyber Access, Hutchison said
\nin March.-- Bloomberg<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/hutchison-to-end-cac-investment-soon-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
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