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Nov 14, 2023 - 05:07pm
ADIA, CIC eye PCCW fibre asset
Sovereign wealth funds Abu Dhabi Investment Authority (ADIA) and China Investment Corporation (CIC) are among the parties that have shown interest in a minority stake in the fibre asset owned by Hong Kong-based PCCW Limited [HKG: 0008], TMT Finance has learnt. PCCW owns local telco HKT Trust & HKT LTD [HKG: 6823].
As previously reported, PCCW is working with Deutsche Bank on its fibre review and search for potential investors.