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Analyst`s Comments: PCCW & Telstra Share Price Weakness October 19, 2000 The share price of PCCW continues to be weak, and this has continued after the revised deal with TLS. This is the result of several factors, some positive for TLS and some negative. The HK market is clearly concerned about the fact the deal is now more favourable for TLS, with the debt (convertible notes) repriced and the management / ownership of the Mobile JV renegotiated in TLS’ favor. However the HK market remains concerned about the lack of clear vision and strategy from senior PCCW management. This is a potential negative for TLS, and reiterates our view that TLS needs to be sure that PCCW is the best partner for their Asian growth strategy (which is expected to be the major growth strategy for TLS). It is possible that if (when?) a third partner is introduced to the TLS / PCCW JVs in Asia, the risks for TLS associated with PCCW will be reduced. We have not changed our outlook or recommendations on TLS |
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| aus der Diskussion: | PCCW-News, Berichte & Stories 42.KW in Deutsch/Englisch |
| Autor (Datum des Eintrages): | Kersken (19.10.00 08:07:29) |
| Beitrag: | 50 von 67 (ID:2115272) |
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