Hong Kong Tycoon Richard Li’s Telecom Group PCCW Sells $870 Million Stake in Fiber Unit
PCCW Ltd., a telecommunications group led by Hong Kong billionaire Richard Li, is set to make a significant financial maneuver. The company has entered advanced negotiations to sell a substantial minority stake in its fiber business to China Merchants Group Ltd., a state-owned conglomerate with diverse interests across ports, transport, finance, property, and healthcare. PCCW, […]