Citic Telecom Buys 79% of Macau Phone Operator

Citic Telecom International Holdings Ltd., controlled by China’s biggest state-owned investment company, will buy 79 percent of a Macau phone operator for $1.16 billion to expand in Greater China.
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03:18 - Eagle Bay Capital President J.C. Parets examines gold markets, treasury bonds and Apple stock. He speaks with Bloomberg’s Alix Steel and Joe Weisenthal on “What’d You Miss?” (Source: Bloomberg)
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