PCCW Proposes to Sell Broadband Business in UK
February 06 2017 - 8:17PM
Dow Jones News
By Chester Yung
HONG KONG--Telecommunications service provider PCCW Ltd.
(0008.HK) said late Monday it is proposing to sell its UK broadband
business, Transvision Investments Ltd., for 300 million pounds
(US$373.8 million) to focus on developing other businesses such as
free TV services.
The Hong Kong-based PCCW said it agreed to sell the entire
capital of Transvision to Hutchison 3G UK Ltd., also known as Three
UK, a mobile network operator in the UK.
Three UK is a wholly owned subsidiary of CK Hutchison Holdings
Ltd. (0001.HK).
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
February 06, 2017 20:02 ET (01:02 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
PCCW (PK) (USOTC:PCCWY)
Historical Stock Chart
From Nov 2024 to Dec 2024
PCCW (PK) (USOTC:PCCWY)
Historical Stock Chart
From Dec 2023 to Dec 2024
