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Hong Kong Tycoon Li’s Telecom Firm Weighs $1 Billion Unit Sale

  • Sale of PCCW Global could take place later this year
  • Other telecom providers, private equity could show interest
Pedestrians walk past a PCCW Ltd. store in Hong Kong.

Pedestrians walk past a PCCW Ltd. store in Hong Kong.

Photographer: Jerome Favre/Bloomberg

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A Hong Kong telecommunications firm controlled by tycoon Richard Li is considering options including a sale of its international enterprise unit, PCCW Global, according to people familiar with the matter.

A subsidiary of HKT Ltd., the business could be valued at as much as $1 billion in a sale, said the people, who asked not to be identified because the matter is private. The asset could attract interest from other telecom companies as well as private-equity funds, the people said.