Trading in Hutchison Telecommunications International Limited (HTIL) has been suspended on the Hong Kong Stock Exchange pending the release of an announcement on the plan by parent Hutchison Whampoa to privatize the firm.
China Mobile has won approval to set up Taiwanese subsidiary Zong as the vehicle to pursue its purchase of a 12% equity stake in Far EasTone.
NTT DoCoMo has increased its stake in Philippines incumbent PLDT, the parent of cellco Smart Communications, from 16.52% to 20.8%, according to a Philippines Stock Exchange filing.
New Zealand’s Commerce Commission has recommended that mobile termination rates be regulated, reversing an earlier decision.
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