---
title: "PCCW’s HKT Sells Further Stake in Passive Network Unit at Premium Valuation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281106474.md"
description: "PCCW's telecom arm, HKT, is selling a further stake in its passive network infrastructure subsidiary for US$209.45 million, retaining control of the business. The sale reflects a premium valuation, with multiples higher than those of HKT Trust. This transaction is subject to regulatory approvals and aims to monetize part of a capital-intensive asset base. The latest analyst rating for PCCW Limited (HK:0008) is a Hold with a price target of HK$5.50. PCCW focuses on telecommunications and media services in Hong Kong and the region."
datetime: "2026-03-31T01:35:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281106474.md)
  - [en](https://longbridge.com/en/news/281106474.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281106474.md)
---

# PCCW’s HKT Sells Further Stake in Passive Network Unit at Premium Valuation

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The latest update is out from PCCW Limited ( (HK:0008) ).

PCCW’s telecom arm HKT has agreed to sell a further interest in an indirect subsidiary engaged in passive network infrastructure to a purchaser for US$209.45 million in cash, while retaining control of the business. The valuation implies enterprise value-to-EBITDA and price-to-NAV multiples that are notably higher than those of HKT Trust and HKT, and at a premium of about 7% to the initial investment.

The sale, structured as a discloseable and connected transaction, is subject to customary conditions including accuracy of warranties and regulatory approvals, with a long-stop date of 31 August 2026. By crystallizing value at rich multiples yet keeping the unit as an indirect subsidiary, PCCW and HKT appear to be monetizing part of a capital-intensive asset base while underscoring the strength and market appeal of their passive network business to investors.

The most recent analyst rating on (HK:0008) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on PCCW Limited stock, see the HK:0008 Stock Forecast page.

**More about PCCW Limited**

PCCW Limited is a Hong Kong-based telecommunications and media group whose core businesses include fixed-line, broadband and mobile services, as well as related technology and infrastructure through its key subsidiary HKT. The group focuses on the Hong Kong and regional markets, leveraging large-scale network assets and trust structures such as HKT Trust to optimize capital deployment and investor returns.

**Average Trading Volume:** 9,215,305

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$45.22B

For an in-depth examination of 0008 stock, go to TipRanks’ Overview page.

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