Lenovo buys $614m stake in PCCW digital units to push IT services growth

Lenovo buys $614m stake in PCCW digital units to push IT services growth

Photographer: Joan Cros/NurPhoto via Getty Images/Bloomberg

Chinese personal computers maker Lenovo Group is acquiring stakes worth $614 million in two digital units of Hong Kong telecoms firm PCCW Ltd, betting that a post-COVID recovery and hybrid work model will drive IT services demand.