Slaughter and May advised Hong Kong Telecommunications (HKT) Limited, an indirect wholly owned subsidiary of HKT Limited (“HKT”) and indirect subsidiary of PCCW Limited (“PCCW”), on its sale of a 40% stake in Fiber Link Global Limited, an entity engaging in the passive network business for the supply of copper and fibre connection access services in Hong Kong and Greater Bay Area, to an entity solely managed and controlled by China Merchants Capital Holdings Co., Ltd. (“CM Capital”) for a total consideration of US$870 million.
HKT is a telecommunications service provider and a leading operator in fixed-line, broadband and mobile communication services headquartered in Hong Kong.
PCCW is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
CM Capital is primarily engaged in equity investment, investment in setting up industries, business management consulting, and investment consulting. CM Capital is jointly owned by China Merchants Group and GLP.
Luke Gallagher / Trainee