HKs’s Wharf Holdings seeks buyers for telecom unit, may fetch $1b

Banners advertising Wharf Holdings' internet business are displayed on a street in Hong Kong June 10, 2016. REUTERS/Bobby Yip

Hong Kong tycoon Peter Woo’s Wharf Holdings Ltd plans to sell its telecom business in a deal that could be worth more than $1 billion (704.62 million pounds), people familiar with the matter said, and has asked more than a dozen potential suitors, including both giant Chinese insurers and Western buyout firms, to submit bids.

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