Brief: PCCW Ltd Announces Sale Of Stake In PCCW Lenovo Technology & PCCW Network Services To Lenovo
14/06/2022 15:38
June 14 (Reuters) - PCCW Ltd 0008.HK :
* STRATEGIC PARTNERSHIP IN RELATION TO IT SOLUTIONS
* PCCW SOLUTIONS HOLDINGS TO SELL 80% IN PCCW LENOVO
TECHNOLOGY
SOLUTIONS AND 20% IN PCCW NETWORK SERVICES
* TOTAL CONSIDERATION FOR SALE SHARES IS US$613.6 MILLION
* CURRENTLY ANTICIPATED GROUP WILL RECOGNISE GAIN OF NOT
LESS THAN
$100.0 MILLION IN CONSOL INCOME STATEMENT OF GROUP FROM DEAL
* PCCW SOLUTIONS HOLDINGS TO SELL STAKE IN PCCW LENOVO
TECHNOLOGY
& PCCW NETWORK SERVICES TO LENOVO GROUP LIMITED
Further company coverage: 0008.HK
((Reuters.Briefs@thomsonreuters.com;))
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