China Telecom (Hong Kong) IPO: Money for Nothing? Case Solution
Duringthe turbulent economic environment, an impressive 30 times oversubscribed CTHK's listing and raised nearly US$4 billion. The listing of CTHK was "sold" to the international community as a China "telecoms play" and the beginning of China's privatization plan. But foreigners not were permitted to possess or manage public networks of any type in China. What had they purchased with US$4 billion of investment? Had without really selling any control China Telecom managed to sell a minority position in one of its operational businesses.
This is just an excerpt. This case is about STRATEGY & EXECUTION
PUBLICATION DATE: January 01, 1999
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