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CN-Markets News
12:55 16-OCT-2000
PCCW to partially inject IDD into IP backbone


PCCW (0008-HK) and Telstra have not revealed fully the future business of their IP venture.

Deputy chairman of the Executive Committee Alex Arena made clarification on a report that PCCW would be injecting its IDD connecting service into the venture but will keep the 001 and 0060 retail operations.

PCCW will see a bigger realisation from the deal with Telstra, but more asset control by the Australian telecom firm in return would affect PCCW`s future captial flow.

It has been reported that the group is building a global broadband network and will be bringing a possible third partner into the backbone company.

PCCW`s share price has edged down to about $7.80 after a stronger opening.

(End)
 
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Autor (Datum des Eintrages): Kersken  (16.10.00 07:48:01)
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