CWC in talks to sell Macau group stake for up to $650 mln - FT

Posted on October 16, 2012 at 21:14 PM EDT

LONDON, Oct 17 (Reuters) - Cable & Wireless Communications PLC is in advanced talks to sell its controlling stake in Macau's largest telecoms group, CTM, for as much as $650 million to Citic Telecom International Holdings Ltd, the Financial Times reported.

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