Upstart apparently gets Hong Kong phone giant

Article Abstract:

Cable and Wireless PLC has voted to accept Pacific Century Cyberworks's offer for Cable and Wireless HKT, passing over a similar offer from Singapore Telecommunications. Pacific Century Cyberworks will pay $35 bil, $12 bil in cash, $23 bil in stock, for the Hong Kong phone company. Richard Li, the head of Pacific Century, has large investments in Internet businesses. He plans to expand HKT's regional presence in Southeast Asia.

United Kingdom, Telecommunications, Telephone Communication, Statistical Data Included, Management, Internet service providers, Pacific Century CyberWorks, Cable and Wireless PLC, Cable and Wireless (Hong Kong) Ltd., Li, Richard

---

Hong Kong phone bid may be losing appeal in Singapore

Article Abstract:

Although Singapore Telecommunications was a contender in the bidding for Cable and Wireless HKT in Hong Kong, it may be backing out. Singapore Telecommunications does not believe the high price it would have to pay in order to out bid Pacific Century Cyberworks' bid for the company. It seems that Singapore may still try to make a competitive bid before the shareholders of Cable and Wireless HKT vote on a merger.

On-Line Information Services, Videotex & Teletext, Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Online services, Internet services, Telephone services, Pacific Century CyberWorks Ltd., Cable and Wireless HKT

---

Phone deal draws nearer to completion

Article Abstract:

Alcatel is moving forward with its acquisition of Lucent Technologies Inc. for around $23 billion. Both companies believe a deal will be reached very soon.

United States, France, Lucent Technologies Inc., LU, Compagnie Financiere Alcatel, ALA

Similar abstracts:

• Abstracts: Hong Kong phone company approves a takeover bid; but the final decision is up to shareholders. Quick sale of mobile stake in Hong Kong; deal pushes Telstra beyond Australia
• Abstracts: U.S. firms say they're helping China improve. Coffee producers brew plan to raise prices. Farm owners passionately defend crops
• Abstracts: USA Network smacks down WWF bid by rival Viacom/CBS. Chris-Craft sells share of UPN to Viacom. UPN partner sues Viacom over CBS deal
• Abstracts: Battling little monsters in the schoolyard. Thief II stresses stealth over strength. Recycling 'Millionaire' (minus the money)

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.