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Good old times

20 December 2013 By Una Galani

The Hong Kong mogul’s telecoms group HKT is paying 6.1 times adjusted EBITDA to buy back the mobile company he sold to Telstra in 2001. The synergies needed to justify a premium of roughly 31 percent aren’t too taxing. HKT ends up more indebted, but it’s basically a happy reunion.

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