Date
21 August 2018

PCCW, i-Cable bag new free TV licenses, HK govt says

I-Cable Communications Holdings Ltd. (01097.HK) and PCCW Ltd. (00008.HK) have won free-to-air TV licenses in Hong Kong, Secretary of Commerce and Economic Development Gregory So said Tuesday. They join existing free TV operators Television Broadcasts Ltd. (TVB) (00511.HK) and unlisted ATV. Hong Kong Television Network Ltd. failed (01137.HK) to make it. So said Hong Kong’s free TV market cannot sustain five operators. PCCW will operate the license under Hong Kong Television Entertainment Co. Ltd. and i-Cable under Fantastic TV Ltd. 

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JP/RA

 

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