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19 October 2000 1603 hrs (GMT) 0003 hrs (SST)
CyberWorks may be interested in buying stake in C&W Optus

Pacific Century Cyberworks may be among the companies interested in buying a piece of Australia`s Cable & Wireless Optus.

The online version of the Australian Financial Review reports that C&W Optus is rushing through the break-up of its A$20 billion-plus operations, setting a Friday deadline for formal expressions of interest in its stable of mobile, consumer and corporate data assets.

This gives international telecoms and media firms only days to decide whether they will put in a bid to grab assets from the split company.

It is believed that CyberWorks is interested in Optus` pay-TV assets, which could tie in with CyberWorks` ambitions to form a global broadband network.

The Hong Kong-headquartered company has already launched Network of the World, which provides interactive programming over broadband.

Other expected bidders for the cable assets are regional pay-TV group Austar, and Australian broadcaster, Ten Network.

There is also keen competition for Optus` A$12 billion mobile phone business.

Telecom New Zealand appears to be in the lead for the mobile network, which it will be bidding for together with Japan`s NTT DoCoMo.

Singapore Telecom and Vodafone are also said to be interested, although they may be blocked by Australian competition law.
 
aus der Diskussion: PCCW-News, Berichte & Stories 42.KW in Deutsch/Englisch
Autor (Datum des Eintrages): Kersken  (19.10.00 07:54:29)
Beitrag: 46 von 67 (ID:2115230)
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