New World on offensive as cell phone price war ends
Article Abstract:
New World PCS now has more than 140,000 subscribers, acquiring about one-thirds of the entire PCS market in Hong Kong. It expects to have 300,000 by the end of 1999. According to an independent survey launched by an international network supplier, among the 1,800 calls made on 1,300 km of major roads covering all parts of Hong Kong, the quality of New World PCS's network in transmitting voice was the best among all local mobile phone networks, as well as the lowest fail-call and drop-call rates among all PCS operators. The company's PCS network plans to increase the number of its base stations from 430 units to 600 by the end of 1998. It aims at expanding the coverage from 95% in Hong Kong to 100%. *
Comment:
Plans to increase number of base stations from 430 units to 600 by the end of 1998 to expanding coverage from 95% to 100%
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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HYF pier project sinks after talks break down over premium
Article Abstract:
Hong Kong ferry company Hongkong and Yaumati Ferry (HYF) and the government have failed to reach agreement on the proposed redevelopment of a HYF ferry port, with the government seeking a HK$ 1,77bn premium for the project and the company offering HK$ 191mn. HYF has now requested the return of the HK$ 257mn it has so far invested if an alternative bidder for the project is found. There are currently 12 companies, including the incumbent, expressing interest in HYF's routes.
Comment:
Fails to reach agreement with government on the proposed redevelopment of a HYF ferry port
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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River port buys $140 m crane from Sumitomo
Article Abstract:
River Trade Terminal Co. Ltd. will build the Hong Kong's first dedicated terminal for handling river trade cargo. Initial operations will begin in the fourth quarter of 1998 and the whole terminal will be completed by the end of 1999. The terminal, with a 3,000-metre quayfront, will be able to handle 10 mn tonnes of cargoes. The company has signed a HK$140 mn rubber-tyred gantry crane contract with Sumitomo Heavy Industries Ltd. *
Comment:
Will build the Hong Kong's first dedicated terminal for handling river trade cargo
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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