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PCCW OTT secures USD 110 mln in funding from Hony, Foxconn, Temasek

2017-08-10 15:19:00| Telecompaper Headlines

(Telecompaper) PCCW Media has announced that its unit PCCW International OTT has attracted funding from Hony Capital, Foxconn Ventures and Temasek. The three new investors will own around 18 percent of the enlarged issued share capital of PCCW OTT for a total consideration of USD 110 million. PCCW Media will remain the controlling shareholder of PCCW OTT.

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