Interesting that Cheung Kong International (owners of Hutchinson not to mention half of Hong Kong) are now also shareholders in Powertel through their purchase of CitiPower. These guys have money to burn.
PWT was always undercapitalised, yet they have the #3 infrastructure based network in Australia. With fresh direction and fresh capital their superior network platform and operational support systems would make them a force to be reckoned with. Change of management wouldn't hurt either - getting stale.
PWT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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