The sale of Telstra's Hong Kong mobile business is expected to go ahead within weeks after the local regulator approved the move.
Telstra has recieved approval from Hong Kong's Office of the Communications Authority for the sale of its mobile business CSL to HKT Limited.
HKT has agreed to pay $US2.42 billion ($A2.62 billion) for CSL, with Telstra to recieve around $2 billion for its 76 per cent stake.
Telstra is expected to make a profit of around $600 million on the deal.
The sale is expected to be completed during May.
Share
