Group general counsel and company secretary | PCCW Limited/HKT Limited
Vanessa Cheung
Group general counsel and company secretary | PCCW Limited/HKT Limited
How do you approach managing legal aspects during periods of instability or crises, and how does your legal strategy align with the broader business strategy to ensure the organisation’s resilience?
Our legal department plays a crucial role in crisis management situations. I would implement a clear goal and strategy to effectively handle these situations. Each day, I will outline specific tasks and conduct a stocktake at the end of the day to ensure our actions are in line with our overall strategy and timeline. I strongly believe that maintaining constant dialogue among key stakeholders is essential to ensure alignment between all parties involved.
What are the most significant cases and/or transactions that your legal team has recently been involved in?
We have a number of strategic partnerships across our entire group. Each of these has been significant to the Group as a whole and presented challenging M&A transactions for our legal team. We have established a strategic partnership with a worldwide creation and content distributor based in Europe to accelerate the growth of our pan-regional over-the-top (OTT) video service. This significant minority investment is in stages and with an option for our partner to increase their stake up to 51%. We have also announced the establishment a joint venture of our passive network business with CM Capital. The transaction allows HKT to unlock value in its extensive passive network business through the introduction of the Investor as a long-term partner, as well as to share the future capital expenditure associated with further expansion of the network infrastructure to support the growth of the business.