C and W sells HKT for Chinese expansion

Article Abstract:

A stake of 54% in Hong Kong Telecom (HKT) has been sold by Cable and Wireless to Pacific Century Cyberworks (PCCW). The Chinese government did not directly intervene, but has indicated that it favors PCCW. This deal helps C and W in its plans to expand in China. C and W wil receive a stake of between 15% and 16% in PCCW as well as cash. The cash could be used for the Chinese expansion, and to acquire additional business internet service providers, and strengthen the company's internet protocol network.

Mergers, acquisitions and divestments, Pacific Century CyberWorks, Cable and Wireless PLC, Hong Kong Telecommunications Ltd.

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Connect to a telecoms turnaround

Article Abstract:

Factors affecting telecoms stocks are examined. Telecoms stocks rose as a whole in 1999, but there has been a selective drop, affecting some stocks more than others in 2000.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Economic aspects, Stock-exchange, Stock exchanges, Exchanges

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Orange offer is refreshing

Article Abstract:

Issues related to a stock offer by Orange and its availability for retail investors are examined in detail.

Orange

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