Abu Dhabi Investment Authority is considering bidding for a stake in PCCW Limited (SEHK:8)?s fiber business, people familiar with the matter said, a move that would help the oil-rich emirate expand into Greater China. ADIA, as the Abu Dhabi wealth fund is known, is in discussions for a significant minority stake in PCCW?s fiber assets for about $1 billion, the people said, asking not to be identified because the matter is private.
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28/06 | PCCW Limited Announces Resignation of Wang Fang as Non-Executive Director | CI |
26/06 | HKT Unit to Sell Stake in Fiber Connection Services Business for $870 Million | MT |
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+9.39% | 174B | |
+7.95% | 124B | |
-11.90% | 79.34B | |
+23.80% | 73.93B | |
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-7.18% | 49.82B | |
-23.08% | 43.06B | |
-18.02% | 38.12B |
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- Abu Dhabi Investment Authority Reportedly Weighs Bid for $1 Billion PCCW Fiber Unit Stake