PCCWY PCCW Limited New (PK)

   By Chester Yung 
 

HONG KONG--Telecommunications service provider PCCW Ltd. (0008.HK) said late Monday it is proposing to sell its UK broadband business, Transvision Investments Ltd., for 300 million pounds (US$373.8 million) to focus on developing other businesses such as free TV services.

The Hong Kong-based PCCW said it agreed to sell the entire capital of Transvision to Hutchison 3G UK Ltd., also known as Three UK, a mobile network operator in the UK.

Three UK is a wholly owned subsidiary of CK Hutchison Holdings Ltd. (0001.HK).

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

February 06, 2017 20:02 ET (01:02 GMT)

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