Abu Dhabi Said to Weigh Bid for $1 Billion PCCW Fiber Unit Stake

Abu Dhabi Investment Authority is considering bidding for a stake in PCCW Ltd.’s fiber business, people familiar with the matter said, a move that would help the oil-rich emirate expand into Greater China.

ADIA, as the Abu Dhabi wealth fund is known, is in discussions for a significant minority stake in PCCW’s fiber assets for about $1 billion, the people said, asking not to be identified because the matter is private.

Talks are ongoing and the parties could still decide against a transaction, the people said. Other bidders could still emerge, they added. Representatives for ADIA and PCCW declined ...