Bids in for Hong Kong’s PCCW

MBK Partners, Macquarie, TPG and Providence Equity Partners are among the eight bidders that have made offers for a stake in Hong Kong’s biggest fixed-line operator PCCW. Offers are believed to have gone up as high as $2.6bn for the 45% piece in HKT Group, a newly created subsidiary of the company. Find out which banks are supporting which private equity sponsors in this week’s EuroWeek.