- Business
- PCCW Limited (SEHK: 0008; OTC: PCCWY) is a Hong Kong-based global telecommunications, media and IT solutions provider headquartered in the Taikoo Place district of Quarry Bay, Hong Kong, with roots tracing back to the Hong Kong Telephone Company founded in 1925 and restructured as PCCW in 2000 following its acquisition by Pacific Century CyberWorks. The company holds a majority interest in HKT Trust and HKT Limited, Hong Kong's leading telecommunications operator offering fixed-line telephony, broadband internet including 50G PON and F5G-A fibre services, mobile communications with 5G-Advanced coverage serving 1.75 million customers, pay TV via Now TV, enterprise solutions encompassing ICT outsourcing, cloud hosting, cybersecurity, systems integration and contact centre services; international telecommunications through PCCW Global spanning managed connectivity, satellite, voice and network services across 50+ countries in Europe, the Middle East, Africa, Americas, mainland China and Asia-Pacific; media and entertainment including over-the-top video streaming via Viu serving 15.5 million paid subscribers across 16 markets in Southeast Asia, Middle East and South Africa with premium localised content such as Chinese dramas and Korean titles, free-to-air TV through HK Television Entertainment's ViuTV, content production, artiste management for nearly 70 talents, live events and advertising; as well as IT services via PCCW Solutions for public and private sector clients, a digital ecosystem integrating The Club loyalty programme with 4.01 million members, e-commerce, Tap & Go fintech payments, travel, insurance, big data analytics and healthtech, plus interests in property development through Pacific Century Premium Developments Limited. In recent developments, PCCW through its Celestial Link investment vehicle committed HK$280 million as a lead PIPE investor in the June 2024 de-SPAC merger of HK Acquisition Corporation and Synagistics Pte Ltd valuing the latter at HK$3.5 billion; renewed and extended continuing connected transactions with Lenovo Group in August 2025 via the 2025 Extended Transitional Services Agreement and 2025 Services Agreement for IT, logistics, cloud, security, application management and support services through 2028 with annual caps up to US$145.5 million; partnered with Lenovo PCCW Solutions and 18 technology firms including 360 Tech and Yonyou to launch a Next-Gen IT Ecosystem in November 2025; expanded Viu's distribution via alliances with Grab, Trip.com, Zalora, Cignal in Philippines, AIS/True in Thailand, STC in Middle East and Vodacom in South Africa while introducing Premium+ subscriptions and AVOD tiers; secured Now TV rights to Premier League through 2027/28 and UEFA EURO 2024; collaborated on cross-border telco rewards with AIS, Globe, Optus, Singtel, Taiwan Mobile and Telkomsel; signed MoUs with Korea Creative Content Agency for K-content and GalaxySpace for low-Earth-orbit satellites; and advanced HKT innovations like 1O1O HOME premium broadband, HKT POS payments, Tiantong satellite comms and stablecoin sandbox participation with Standard Chartered and Animoca Brands. PCCW serves consumer, enterprise and carrier customers globally, with primary revenue from HKT's HK$32 billion telecommunications segment, Viu's growing subscriptions and ads, and IT outsourcing, while maintaining operations in Hong Kong as core market alongside international expansion.