PCCW headquartered in Hong Kong and operates in Europe, the Middle East, Africa, the Americas, mainland China, and other parts of Asia.

LPS will focus on expanding its activities across Asia, including Hong Kong, Macau, mainland China, Singapore, and the Philippines.

In February 2017, PCCW agreed to sell UKBG to related[clarification needed] company CK Hutchison Holdings.

In March of the same year, Richard Li's private company Pacific Century Group won a controversial land deal, acquiring valuable waterfront real estate from the government without any public auction bids.

The Hong Kong government, under chief executive Tung Chee Hwa, gave away the land to his new high-tech residential and commercial venture called Cyberport.

23 Dec is a Heritage of Pacific Century CyberWorks, breaking the record of a single company in Hong Kong history with a HK$5 billion transaction.

Jack So, who left his chairman position at Hong Kong subway operator MTR Corporation Limited, took up the job of group managing director at PCCW on 25 July 2003.

According to a FCC document, undersea cabling company Reach – a joint venture of Telstra (then 50.1 percent-owned by the Australian Government) and PCCW, a Hong Kong corporation – had to send all communications to or from US to a storage facility "physically located in the United States, from which Electronic Surveillance can be conducted pursuant to Lawful US Process."

[36][37] Although PCCW's substantial shareholder China Netcom had earlier expressed objection to any disposal of key assets to foreign groups, it also refused to increase its stake; Richard Li attempted to exit from the business in 2006.

Li received competing offers from two consortia led by Australia's Macquarie Bank and private equity firm Texas Pacific/Newbridge, submitted expressions of interest last month to acquire PCCW's core telecom and media assets.

[40] News report from the Sunday Times on 6 February 2003 revealed that PCCW made a preliminary takeover approach to Cable & Wireless in December 2002 as the British company's share languished near record lows.

[41] Li told the Sunday Times newspaper that PCCW would not launch a hostile bid for C&W but that the two companies could work together to enhance shareholders' value.

Following the news report, PCCW issued a statement through the Hong Kong stock exchange on 6 February 2003 morning saying it had not made a formal offer for C&W and was not in takeover talks with the company.

Later in the day, in London and Hong Kong, PCCW issued statements saying it had made a preliminary takeover approach to C&W in a letter at the end of 2002.

The Hong Kong Stock Exchange demanded an explanation from PCCW after noting discrepancies between the two statements regarding its approach to C&W about a possible bid.

[43] Privatisation would allow PCCW to be delisted from Hong Kong Stock Exchange,[44] while its parent would remain listed in Singapore.