PCCW says no plan to buy PCPD shares in open market

HONG KONG, April 24 (Reuters) - PCCW (0008.HK), Hong Kong's dominant fixed-line carrier, said on Thursday it has no plans to buy shares of Pacific Century Premium Developments (0432.HK) (PCPD) in the open market after the telecoms group failed to take PCPD private last week.

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PCPD shares fell 0.35 percent to HK$2.85 at midday on Thursday. PCCW's shares were up 0.6 percent. (US$1=HK$7.8) (Reporting by Donny Kwok; Editing by Anne Marie Roantree)