HK PRESS: Goldman Lowers Hutchison Telecom Valuation 20%
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HONG KONG (Dow Jones)--Goldman Sachs has lowered its valuation of Hutchison Telecom International Ltd. by 20% to US$5 billion ahead of its Oct. 14 listing, the local Chinese-language newspaper Apple Daily reports.
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The offer values Hutchison Essar, one of Indiaâs fastest-growing telecommunications companies, at about $19 billion.
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Government orders Rupert Murdoch's network to sell down from 17.9% to 7.5%
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THE REGION Bond fees lowered to woo customers
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â¢ 2004-09-20 â¢ Hutchison Whampoa Ltd has said that it would raise between $975.6 million and $1.13 billion from its initial public offering (IPO) ahead of an US and Hong Kong listing in mid-October.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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GLG Partners, a European hedge fund with $20 billion under management, said on Monday it has agreed to sell a stake to Freedom Acquisition Holdings Inc.  in a deal that values GLG at about $3.4 billion and sets up GLG for a U.S. stock listing.
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The AT&amp;T Corporation, the nation&#39;s largest long-distance provider, said yesterday that it would eliminate more than 20 percent of its work force this year and write off $11.
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US telecom giant AT and T will shrink even further, announcing on Thursday it would cut 20 percent of its workforce in 2004 and take an $US11.
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Goldman Sachs  is selling its 30.48 percent stake in South Korean cable TV operator C&M, valued at $970 million, a newspaper said on Monday, in the latest sale of Korean assets by foreign investment firms.
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Investors on Friday cheered a decision by AT&amp;T, the largest US provider of long-distance service, to eliminate more than 20 percent of its work force this year and write off $11.
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Vodafone Group Plc  has  won the battle for a controlling stake in India's No.4 mobile  operator Hutchison Essar with a bid that values it at around  $19 billion including debt, a source and India's Essar group  said on Sunday.
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(Corrects Reuters Estimate figure in 4th paragraph to $1.20
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NEW YORK (CBS.MW) -- Kinross Gold Corp., (KGC) a Toronto gold and silver mining and processing company, reported that it revised third-quarter results to a loss of $133.
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Hutchison Telecommunications International Ltd. (HTIL), part of Hong Kong&#39;s Hutchison Whampoa Ltd., on Monday began marketing a scaled-down IPO worth up to HK$8.
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InfoWorld - British mobile services company Vodafone Group has reserved the right to terminate its agreement with Hutchison Telecommunications International Ltd. (HTIL), if a &quot;prohibition&quot; comes in the way of the closure of its&#160;$11.1 billion acquisition&#160;of a controlling stake in Hutchison Essar, an Indian mobile services company.
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AT&amp;T Corp. said it would restructure its business, cutting 20 percent of its jobs and writing down the value of its network by $11.