Friday, 17 June 2011

PCCW's USD 513 million to USD 2 billion telecoms spin off

UPDATE 1-PCCW says spinoff plan to boost dividend payouts | Reuters

HONG KONG, June 17 (Reuters) - Telecommunications and media firm PCCW Ltd expects cash flow to rise by a single digit percentage each year, and a proposed spinoff of its telecom assets to enhance shareholder value and generate cash for growth, Chairman Richard Li said.

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