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.

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