PCCW may list Now TV

Hong Kong telecom giant would float unit on GEM

HONG KONG -- PCCW Ltd., Hong Kong's dominant fixed-line telephone operator, is considering listing its pay TV unit, a local newspaper reported on Friday, citing unidentified sources.

PCCW was likely to list its Now TV unit on the Growth Enterprise Market board because a mainboard listing required three years of continued profitability, the Chinese-language Sing Tao Daily reported.

Now TV was likely to have total assets worth about HK$1 billion ($130 million), the newspaper added.

PCCW managing director Alex Arena declined to comment, the newspaper reported. Calls to the company's public relations department were unanswered.
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