Telstra finalises CSL sale

Telco expects proceeds of $US1.99bn from sale of Hong-Kong based mobiles business.

Telstra (TLS) has completed the sale of its CSL business to HKT Limited and expects sale proceeds of $US1.99 billion ($A2.12bn) after preliminary adjustments.

The transaction is expected to generate a profit on sale for Telstra of approximately $A561 million subject to completion accounts and audit.

Telstra said it will consider options for the net proceeds from the sale of its 76.4 per cent stake in the Hong Kong-based mobiles business and make a further announcement at its full-year results in August.

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