PCCW

Tycoon Richard Li said to near fibre sale to China Merchants

PCCW, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fibre business to China Merchants Group, according to sou...

Adia, as the Abu Dhabi wealth fund is known, is in discussions for a significant minority stake in PCCW’s fibre assets for about US$1 billion.

Companies & Markets

Abu Dhabi weighs bid for US$1 billion PCCW fibre unit stake

Abu Dhabi Investment Authority is considering bidding for a stake in PCCW’s fibre business, people familiar with the matter said, a move that would help the oil-rich emirate expand into Greater China.

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