Hong Kong fixed-line carrier PCCW Ltd  expects to shortlist bidders for its media and telecoms asset, worth around $2.5 billion, within a month and complete the deal by the end of the year.

Bidders include private equity firms with investments in the telecoms industry, group managing director Alex Arena told reporters on Tuesday.

Arena said some of the firms had IPTV investments in Taiwan and South Korea, but he did not identify them.

The bidders could form teams to bid for the asset, known as HKT Group Holdings Ltd, he said.
 

Source:reuters