PCCW, HKT Complete 9% Stake Sale in Regional Link Telecom

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PCCW (HKG:0008) and HKT (HKG:6823) completed the sale of a 9% stake in Regional Link Telecom Services for $209.5 million in cash.

The consideration was paid in full to HKT Group on Sept. 16, according to a same-day Hong Kong bourse filing.

Regional Link Telecom Services will remain an indirect subsidiary of HKT following the transaction, the companies had said in March.

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