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Arena: HKT Trust IPO Attracted Mutual Funds

Alex Arena, managing director at PCCW Ltd. (8), the biggest phone carrier in Hong Kong, talks about the initial public offering of the company's telecommunication business trust.

PCCW raised HK$9.3 billion ($1.2 billion) in HKT Trust's IPO after selling units at the bottom end of a marketed range. HKT Trust starts trading today. Arena speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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