Hutchison Telecom, which recently agreed to sell its India unit to UK mobile giant Vodafone, may sell its assets in other emerging markets such as Thailand to Egyptian firm Orascom, a Chinese media report said.
HTIL may sell its business in Indonesia, Thailand, Vietnam and other emerging markets to Orascom and its Hong Kong business to its parent firm Hutchison Whampoa, Chinese daily
The Standard said, quoting investment bank UBS.
The daily, which is published from Hong Kong, said HTIL might grab the opportunity to sell its assets in developing markets to Orascom Telecom, which holds a 19.3 per cent stake in the company.
According to the report, UBS expected HTIL to distribute a special dividend by using