GPs commit $110m to PCCW's video streaming unit
Hony Capital, Foxconn Ventures and Temasek Holdings have agreed to acquire a combined 18% stake in PCCW International OTT, a video-streaming subsidiary of Hong Kong telecom giant PCCW, for $110 million.
PCCW Media, which runs pay-TV services in Hong Kong under the Now TV brand, will remain the unit’s controlling shareholder. Hony has separately been granted an option to subscribe to up to two million...
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