TELSTRA MAY SELL HONG KONG CSL

Written by Adam Gosling

Thursday, 27 October 2005

Telstra lodged a curious one paragraph statement to the Australian Stock Exchange today. “As previously announced, Telstra is undergoing a strategic review of its operations. This review extends to Hong Kong and options in that market including the feasibility of merging CSL with another operator. This work is preliminary and has not been completed,” said the statement. Hong Kong CSL is a 100 percent Telstra owned subsidiary which delivers mobile GSM and WSCDMA services, including the 1010 consumer brand. The company has approximately CSL has approximately one million customers and claims to be the most profitable mobile carrier in Hong Kong. New Telstra CEO Sol Trujilo is currently undertaking a strategic review of Telstra's operations. His new vision for the company is expected to be released in mid-November. However, today's statement to the Stock Exchange indicates the cat may be out of the bag on one of his plans. Click here for more information about CSL. Related news items Nokia Buys Map Company For US$8 Billion -02/10/2007 Footy On Your Phone -16/09/2007 NewSat Deal With Dodo -05/09/2007 Sydney Airport Network Improved For APEC -03/09/2007 Acer Elbows Into Third Place -27/08/2007 Newer news items OPTUS LAUNCHES 3G NETWORK -14/11/2005 TELSTRA TO DEPLOY NEW 3G GSM NETWORK -14/11/2005 ACCC SAYS OPTUS TERMINATION UNREASONABLE -08/11/2005 OPTUS OFFERS SIM BACKUP -02/11/2005 VODAFONE 3G LAUNCHES -31/10/2005 Older news items TELSTRA TARGETS ORION IN COURT -26/10/2005 OMBUDSMAN FINGERS MOBILES FOR COMPLAINTS -25/10/2005 83% OF LOCAL COMPANIES OFFER VPN ACCESS -25/10/2005 US NUMBERS ON FIXED-MOBILE SUB -25/10/2005 VODAFONE 3G AFTER HALOWEEN -16/10/2005 Tag This Now: