On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

650 AM Hibbing, Minnesota

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
52° Feels Like: 52°
Wind: WNW 15 mph Past 24 hrs - Precip: 0.03”
Current Radar for Zip

Today

Cloudy 61°

Tonight

Partly Cloudy 42°

Tomorrow

Sunny 71°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Citic to buy UK's CWC, Portugal Telecom stakes in Macau telco

HONG KONG (Reuters) - China's Citic Telecom International and Citic Pacific have agreed to buy a 79 percent stake in a Macau telecom company from U.K.-based Cable & Wireless Communications and Portugal Telecom for $1.16 billion, the Chinese companies said in a statement on Sunday.

Citic Telecom <1883.HK> already owns a 20 percent stake in Companhia de Telecomunicações de Macau SARL (CTM), Macau's leading telecoms company.

(Reporting by Denny Thomas; Additional reporting by Kate Holton. Editing by Michael Flaherty and Jane Merriman)

Comments