On Tuesday, it was reported that two non-binding expressions of interests were put forward to PCCW. Those bids were reported to be worth upwards of HK$40 billion to HK$50 billion $5 billion to $6.4 billion in overall size. Although, in a recent press release PCCW noted that these amounts were inaccurate and somewhat speculative.
However, despite the respective initial offers, credit analysts believe that any transaction undertaken by the winning bidder will probably not...
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