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Li's Fixed-Line Call
I Squared can also wring more profit from the assets.
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How did Li Ka-shing manage to sell his fixed-line phone business at a higher price than the parent company's entire market cap?
Hutchison Global Communications Ltd. said in an exchange statement Sunday that it would offload the unit to New York-based infrastructure investor I Squared Capital for HK$14.5 billion ($1.9 billion).