Richard Li’s PCCW Agrees to Buy Vodacom’s African Carrier Unit
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PCCW Ltd., the Hong Kong-based phone company controlled by billionaire Richard Li, agreed to buy Vodacom Group Ltd.’s satellite-services unit as it builds out its African operations.
PCCW Global will pay $26 million to acquire the carrier unit of Gateway Communications from Vodacom, the South African mobile-phone company controlled by Vodafone Group Plc, according to a Vodacom statement today.