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The latest update is out from PCCW Limited ( (HK:0008) ).
PCCW’s telecom arm HKT has agreed to sell a further interest in an indirect subsidiary engaged in passive network infrastructure to a purchaser for US$209.45 million in cash, while retaining control of the business. The valuation implies enterprise value-to-EBITDA and price-to-NAV multiples that are notably higher than those of HKT Trust and HKT, and at a premium of about 7% to the initial investment.
The sale, structured as a discloseable and connected transaction, is subject to customary conditions including accuracy of warranties and regulatory approvals, with a long-stop date of 31 August 2026. By crystallizing value at rich multiples yet keeping the unit as an indirect subsidiary, PCCW and HKT appear to be monetizing part of a capital-intensive asset base while underscoring the strength and market appeal of their passive network business to investors.
The most recent analyst rating on (HK:0008) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on PCCW Limited stock, see the HK:0008 Stock Forecast page.
More about PCCW Limited
PCCW Limited is a Hong Kong-based telecommunications and media group whose core businesses include fixed-line, broadband and mobile services, as well as related technology and infrastructure through its key subsidiary HKT. The group focuses on the Hong Kong and regional markets, leveraging large-scale network assets and trust structures such as HKT Trust to optimize capital deployment and investor returns.
Average Trading Volume: 9,215,305
Technical Sentiment Signal: Buy
Current Market Cap: HK$45.22B
For an in-depth examination of 0008 stock, go to TipRanks’ Overview page.