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Li Ka-shing set to win approval for 3 Italia's buyout of a competitor

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Published Mon, Aug 29, 2016 · 09:50 PM

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    Hong Kong

    HE may be 88 and facing setbacks from failed deals in the UK and Australia, but investors bet against Li Ka-shing at their peril.

    Hong Kong's richest man is set to win approval as early as this week for 3 Italia's buyout of a competitor that would create the country's biggest telecom operator. The deal is more important for Mr Li than an aborted one in Britain that would have made his company that nation's top mobile-phone provider.

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