Hong Kong's PCCW Receives Bids from Macquarie, TPG Newbridge

PCCW Limited , the incumbent operator in Hong Kong, confirmed that it had received a non binding expression of interest on 16 June 2006 from an independent third party, in relation to a possible acquisition of substantially all the telecommunications and media related assets of the Company. The independent third party referred to in that announcement is Macquarie Bank Limited.



PCCW also confirmed a second non binding expression of interest on 20 June 2006, from TPG Newbridge, also in relation to a possible acquisition of substantially all of its telecommunications and media related assets.

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