Shareholders approve PCCW’s telecoms spin-off, business trust listing

13 Oct 2011

Hong Kong’s largest telecoms group by subscribers and revenues PCCW announced yesterday that its shareholders have overwhelmingly approved its plan to spin off its telecoms assets into a business trust, to be listed on the local stock exchange. The timing of the move is yet to be decided, however, with the company indicating that it is waiting for more stable global market conditions.

Hong Kong, HKT (incl. CSL), PCCW Group