Hong Kong TV and telecoms firm I-Cable soars on China Mobile deal

i-CABLE Communications

03/09/2018 03:42

** Shares of I-Cable Communications Ltd  1097.HK  soar as
much as 80 pct to HK$0.16, the highest since June 13, after the
television and telecommuncation services provider says its in
deal to provide services to a unit of China Mobile Ltd  0941.HK 
 
    ** The stock trims gains to HK$0.135, still up 52 pct and
heading for the best day since October 2013
    ** Co says it has entered into a memorandum of understanding
for China Mobile Hong Kong Co Ltd to use its network resources,
and to provide network construction and maintenance, and
television content to the unit of China Mobile Ltd  urn:newsml:reuters.com:*:nFWN1VO00L
    ** Co says the agreement is expected to be for a period of
20 years and may be extended for another 5 years
    ** Hong Kong benchmark index  .HSI  falls 0.8 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)