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PCCW launches US$1.1bn SSU sale to fund OTT ambitions

Connectivity BusinessbyConnectivity Business
February 13, 2017
in Financing, Space Services, Strategy and Markets
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Hong Kong-based TMT holdco PCCW  has followed up its disposal of UK Broadband last week with an offering of HKT Trust and HKT Ltd stock that is set to raise a further HK$8.53bn (US$1.1bn). Proceeds will be injected into PCCW’s media arm, which has been pushing into OTT video services, and IT unit, as well as to pay […]

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Tags: Asia PacificGoldman SachsHong Kong Telecom (HKT)Hong Kong Telecommunications (PCCW)PCCWPremiumSTX EntertainmentTF253ThreeUK Broadband
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