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.