Reed Smith Richards Butler, King & Wood and Conyers Dill & Pearman are advising PCCW Ltd., Hong Kong’s largest telecommunications company, on a planned $1.3 billion spinoff of its phone and broadband business.
PCCW, led by chief executive officer Richard Li–the son of Hong Kong tycoon Li Ka-shing—is planning an initial public offering for its telecom business into a publicly listed business trust in October. The company will retain its cable television business.
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