PCCW rebounded to profitability in 1999

Article Abstract:

Pacific Century CyberWorks Ltd. posted HK$346.8 million (45.9 million euros) in net profits for the 1999 year. The Hong Kong-based firm also posted a 15% rise in 1999 revenues.

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CyberWorks posts loss, but revenue climbs 40%

Article Abstract:

Pacific Century CyberWorks Ltd. launched a new venture in China and made clear intentions for its Network of the world broadband Internet service after posting earnings for the first six months. The company reported a net loss of HK$34.94 million (Euro5.1 million), versus a loss of HK$40.71 million a year earlier. But first-half revenue increased 40% from a year earlier.

China, Strategy & planning

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A PCCW-HKT Merger Seems to Lack Synergy. (Pacific Century CyberWorks Ltd., offer to acquire Hong Kong Telephone)

Article Abstract:

The motives of Hong Kong-based Internet service provider Pacific Century CyberWorks Ltd.'s chairman Richard Li's plans to acquire Hong Kong Telephone Company Ltd., from United Kingdom's Cable and Wireless PLC, seems unclear to analysts. It may affect Singapore Telecommunications Ltd.'s bid for Hong Kong Telephone Co.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Telecommunications, Forecasts, trends, outlooks, Wired Telecommunications Carriers, Telephone Communication, Telephone Communications, Singapore, Telephone communications, exc. radio, Management, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Telephone services, Cable and Wireless PLC, Li, Richard, Singapore Telecommunications Ltd., Hong Kong Telephone Company Ltd.

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