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S&P places PCCW-HKT Telephone on watch
Standard & Poor's said it placed its BBB long-term corporate credit rating on PCCW-HKT Telephone Ltd. on CreditWatch with negative implications after its parent company, PCCW Ltd. announced that it was in talks with a third party to sell all of its core telecom and media assets.
S&P said that discussions are at an early stage and no details have been disclosed.
PCCW shares were suspended on June 19, the agency added.
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