Citic Telecom Said in Talks to Pay $750 Million for C&W Unit

Citic Telecom Said in Talks to Pay $750 Million for C&W Unit

Jerome Favre/Bloomberg

Passers-by are silhouetted behind a door at the Citic Tower in Hong Kong,. Citic Pacific said last week that Citic Telecom plans to boost its holding in the Macau phone company to 71 percent, without providing financial details.