China Telecom

NEW YORK-China Telecom (Hong Kong) Ltd., the major cellular carrier in the populous Guangdong and Zhejiang provinces, priced its initial public stock offering at HK$11.80 per share Oct. 16, Goldman Sachs & Co., lead underwriter, said. A Hong Kong dollar …

Cable & Wireless plc, the United Kingdom’s second-largest telecom group, has agreed to sell the Chinese government a minority interest in Hongkong Telecom. In return, the Chinese will offer Cable & Wireless the opportunity to be a major foreign investor …

Total Access Communications, a wireless operator in Thailand, has relatively strong credit protection measures due to low levels of wired and wireless penetration and heavy demand for telecommunications services, according to a credit analysis report issued by Duff & Phelps …

Millicom International Cellular S.A. signed a seven-year $200 million credit facility agreement arranged by ABN-AMRO Bank and ING Bank. Millicom said the facility will be used to refinance $125 million of existing short term credit facilities at the parent level …