Telstra makes a call on its Hong Kong hang-up

Telstra’s sale of Hong-Kong based CSL is a prudent move to exit a heavily saturated market ripe for consolidation. It also provides the telco with more financial firepower to build on its growth strategy in Asia.

It is deeply ironic that Telstra is selling the Hong Kong-based CSL mobile phone business that was regarded as the better of the assets it acquired in a controversial set of deals in 2000, while retaining the one regarded as the biggest blot on its post-privatisation copybook.

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