Former telecom regulator now leads drive for dominance

Article Abstract:

This article discusses the new position of Alex Arena as group managing director of Hong Kong's Pacific Century CyberWorks Ltd. Mr. Arena's job in a company driving for Internet dominance is considered a reversal of roles since he was in his native Australia and Hong Kong a civil servant charged with bringing competition to the telecommunications industry.

Executive changes & profiles, Management, Officials and employees, Arena, Alex

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Telstra venture with CyberWorks details financing

Article Abstract:

Pacific Century CyberWorks Ltd. and Telstra Corp. will receive a syndicated loan of $2 billion (2.33 billion euros) for their Internet-protocol venture. The loan's lead managers will be Barclays Bank and Chase Manhattan Bank.

United Kingdom, United States, Commercial Banks, Commercial Banking, Australia, Foreign operations, Receipt of funds, Use of Funds, Banking industry, Finance, Chase Manhattan Bank N.A., Barclays Bank PLC, Telstra Corporation Ltd.

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