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PCCW to complet stake sale of subsidiary this year

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PCCW Ltd, Hong Kong's biggest phone carrier, plans to complete the sale of a stake in a unit that will control most of the company's telecommunications operations this year, Managing Director Alex Arena said.

PCCW aims to select a shortlist of bidders for the stake in HKT Group Holdings Ltd within a month and is satisfied with the offers it has received, Arena said in Hong Kong yesterday.

(Shanghai Daily July 16, 2008)

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