PCCW-News, Berichte & Stories 44.KW in Deutsch/Englisch - 500 Beiträge pro Seite

[Kersken]

PCCW mit 6 Mrd US-$-Finanzierung

PCCW steht nach einem Bericht eines Markt-Newsletters mit Banken in Verhandlungen um bis zu 6,1 Mrd US-$ zu erhalten. Nähere Einzelheiten sollen noch in dieser Woche bekannt gegeben werden. Interessant ist vor allem, ob die Finanzierung via ein oder zwei Deals durchgeführt wird.

Etwa 4,1 Mrd werden zur restlichen Refinanzierung des C&W HK-Kaufs verwendet werden. Die übrigen 2 Mrd US-$ werden für das IP-Backbone-Joint Venture mit Telstra gebraucht.

Durch den Kauf von C&W HK hatte PCCW 9 Mrd US-$ Schulden. Mit Hilfe des Telstra-Deals und der Refianzierung durch Bonds und neue Aktien konnte man diese jedoch auf 4,1 Mrd senken.

-js- 30.10.00 08:08:00

[Kersken]

CyberWorks Issues Options To HKT Employees At Exercise Price Of 4.872 HKD
Oct 30 2000 11:52AM

HONG KONG (AFX-ASIA) - Pacific Century CyberWorks Ltd said it is issuing options to the 14,000 employees who joined the company via the merger with Cable & Wireless HKT at an exercise price of 4.872 hkd.
The total size of the option issue will be less than 1 pct of the company`s fully-diluted issued capital, the company said.

An initial issue of options was made today, with various amounts to be distributed to the staff depending on their seniority, it said, adding that each employee will receive between 3,800 and 28,000 options.

The exercise price for this option issue is at a 20 pct discount to 6.09 hkd, which is the average closing price of the company`s shares on the previous five trading days, it said.

Within the next two weeks, employees may subscribe to additional options, also priced at 4.872 hkd, by foregoing payment of up to 20 pct of their monthly salaries.

Additional discretionary options have also been allocated to each business unit, to provide incentives for high-performing employees, it said.

Employees have the right to exercise one third of the options one year after issue, and exercise the remainder three years after issue, the company said, adding that the options will be backed by new shares.

CyberWorks senior vice-president John Menster said that if Cyberworks` share price remained at 6.09 hkd, employees would earn a combined profit of 142 mln hkd once they exercised all of the automatic options.

CyberWorks deputy chief executive officer Norman Yuen said the dilution effect of the option issue is "immaterial", given the large number of the company`s issued shares.

He said the aim of the option scheme is to "align staff interests with that of the company", and to attract and retain the best talent.

"The objective of the scheme is to drive the creation of shareholder value, and foster ownership and entrepreneurial culture among the staff," Yuen said.

[Kersken]

PCCW to Hold Presentations This Week for Refinancing
Oct 30, 2000 - 13:20:13 HKT
Quamnet News Service

Pacific Century CyberWorks Ltd. (0008), Asia`s second-largest Internet investment vehicle, has been discussing with banks two revised deals totaling a minimum of US$6.1 billion, according to the Basis Point, a weekly Asian debt markets newsletter.

Presentations to be held in Hong Kong this week will help clarify whether the financing will be raised via one or two deals, it said. A minimum US$4.0795 billion is required is refinance the remainder of the US$9 billion facility for PCCW`s acquisition of HKT. The amount is the US$9 billion facility minus US$3.555 billion payable to PCCW on completion of the Telstra joint-venture deals, half of the proceeds from PCCW`s recently proposed rights issue, and the US$1.1 billion convertible bond issue announced last week.

The additional US$2 billion debt is being sought by its Internet Protocol backbone joint venture with Telstra.

[Kersken]

18:24 30-OCT-2000
PCCW (0008-HK) formally takes over Jaleco, changes name

PCCW has assumed formal control of Japanese entertainment software producer, 80.72 pct-held- Jaleco and a name change to PCCW Japan K.K. has been approved.

The change will be effective from November 1.

Five directors including Todd Bonner as the president of PCCW Japan K.K. were appointed.

Others included PCCW`s deputy chairman Francis Yuen and executive committee deputy chairman Alex Arena.

According to the company, a Tokyo studio is to be built by early 2001 and NOW Japan is expected to come online in the second-half of 2001.

The company will also announce the results of a business review on Jaleco shortly.

PCCW Japan K.K. has appointed former Capcom USA president and CEO Takeshi Harada to head up Jaleco and he will be responsible for the development of new company`s NOW gaming portal and the development of its network gaming.

(End)

[Kersken]

09:27 31-OCT-2000
PCCW (0008-HK) reported negotiating on refinancing

Pacific Century CyberWorks (PCCW) kicked off its refinancing plan by negotiating with individual banks last week, according to the Hong Kong Economic Times, citing bank sources.

PCCW had earlier arranged for a transitional loan of US$9 billion (HK$70.2 billion) due next February for the acquisition of Cable & Wireless HKT.

Sources said that the banks have requested PCCW to use the proceeds of its US$1.6 billion from the rights issue and its convertible bonds issue to reduce debts.

As such, the refinancing amounts have been cut to US$4.1 billion from US$5.5 billion.

PCCW has negotiated for the interest rate to be set at not exceeding the London Interbank Offered Rate (LIBOR) plus 100 basis pts (ie less than 7.25 pct), and that the refinancing be for project financing rather than as a corporate loan.

The servicing of the loan will be from income generated from its fixed network business so as to reduce the effect on share price of the company.

The company is pushing for a lower refinancing rate.

In addition, the company is holding talks with bankers for a new loan of US$2 billion.

The amount is intended for use on the IP backbone company jointly developed by the company and Australia`s Telstra.

(End)

[Kersken]

PCCW certain banks will come to refinancing party
By LEONIE WOOD
Tuesday 31 October 2000

Pacific Century CyberWorks managing director Alex Arena believes the company will have no difficulties convincing all of its 47 banks to agree to a $US4.5 billion ($A8.62 billion) refinancing package by the end of April, despite a likely tightening in global lending markets.

Mr Arena told The Age in a recent interview that ideally PCCW would like to shrink its debt to as little as $US3 billion, although it believes it could be comfortably covered with $US6 billion.

PCCW last week unveiled a $US1.8 billion equity issue to help lower its debt levels ahead of the refinancing deal, and on Wednesday it revealed plans to cut spending on its Network of the World broadband content creation division.

Analysts, however, are concerned that the revised terms of PCCW`s deal with Telstra, signed earlier this month, have weakened the security that the Hong Kong-based company can offer its banks.

Telstra bought 60 per cent control of PCCW`s Hong Kong Telecom mobile phone business for $US1.68billion, and snared security for a $US750million convertible note extended to PCCW against half of the Hong Kong company`s shareholding in an Internet carrier joint venture.

Mr Arena said PCCW`s bankers still could claim security over all of the IP backbone assets invested in the venture by PCCW, without affecting Telstra`s position. Further, once the backbone carrier is refinanced with $US2 billion of new bank debt, PCCW could extract a total of $US1.12 billion to channel back to its own bankers.

In total, PCCW`s revised deal with Telstra yields $US3.55 billion, reducing its current debt level from $US9 billion to $US5.45 billion.

PCCW assumed $US12 billion of short-term bank debt earlier this year as part of its $US37 billion scrip-plus-cash takeover of Hong Kong Telecom. It used $US3 billion of cash to pay down the first tranche of that debt in August, and the balance must either be refinanced or expunged by November 2001.

PCCW has told Telstra it wants to complete the refinancing by April, and management expects new arrangements might be signed by February.

Speaking to The Age before the announcement of the equity raising, Mr Arena suggested PCCW`s share price had been hit by a combination of massive short-selling by hedge funds and the overhang of Cable & Wireless plc`s estimated 15 percent residual holding.

"If you see the activity of short-sellers (in PCCW), it`s extraordinary," he said.

While C&W has an agreement with PCCW not to sell its shares before February, the Hong Kong market is full of rumors that the British-based C&W, in off-market transactions, has loaned its shares to short-sellers.

PCCW`s shares hit a record low of $HK5.65 during trading last week.

Doubts over its refinancing plan remain because banks around the world were effectively put on notice in September by European banking regulators who were concerned about the level of lending to the telecommunications sector.

In the first nine months of 2000, global banks loaned about $US171 billion to the sector to finance a series of mergers, acquisitions and wireless spectrum bids.

Mr Arena, however, does not believe the tightening among European banks would necessarily flow through to Asian markets.

"I know from our experience that the banks are still extremely supportive ... because of the underlying fundamentals and the opportunities that we present," he said.

"Banks will become more selective - there is no doubt - over time. But we are quite confident. There is still a lot of moneycoming into the banking sector, there is still a lot of moneythat needs to find somewherefor investment purposes."

Asked if he envisaged any difficulties with the banks, Mr Arena said: "The short answer to your question is no."

"We have a constant dialogue with our banks; that is just something that we do as a matter of course."

With PCCW`s shares languishing around $HK6, Mr Arena was asked if he could see anything that might turn investor sentiment around.

"No," he said. "One just has to let the stock price do what the stock price does, particularly in a highly liquid stock like ours - that`s the market at work."

The reporter owns Telstra shares.

[Kersken]

North Asia News
Tue, 31 Oct 2000, 1:23pm HKT
Hong Kong`s CyberWorks, I-Cable to End TV Content Pact in Nov.
By Cathy Chan

Hong Kong, Oct. 30 (Bloomberg) -- Pacific Century CyberWorks Ltd., which plans to scale back investment in its broadband portal operation, said it doesn`t plan to extend a contract to provide television content for I-Cable Communications Ltd.

The three-month agreement, which was signed in August, will end on Nov. 27, the companies said in a statement, without specifying the reason for not continuing the pact. Under the deal, Cyberworks broadcast its English-language Network of the World services with Cable TV, a unit of I-Cable Communications.

The end of the distribution agreement comes after CyberWorks proposed cutbacks of its broadband Internet and satellite TV service. The company, which originally earmarked $750 million for its English and Chinese NOW service in the next 18 months, said last week that spending on NOW would be ``a discretionary item due to caution in the Internet market.``

CyberWorks is set to roll out its Chinese-language NOW service in 2001 and will explore ``further opportunities for cooperation between the two services,`` a spokeswoman of NOW said in a statement.

In the first six months this year, CyberWorks spent $130 million on the NOW service which started in June. Viewers of NOW on televisions, computers and mobile phones can call up text, sound or video on everything from skydiving to punk rock.

CyberWorks earlier said it will consider merging its unprofitable iTV company, which offers video-on-demand television service, with its NOW operation.

[Kersken]

CyberWorks, Cable TV to conclude NOW trial broadcast on Nov 27
Oct 31 2000 10:27AM

Hong Kong, October 31 (afx-asia) -- Pacific Century CyberWorks Ltd`s broadband interactive service Network of the World and Hong Kong Cable Television Ltd said the trial broadcast of the English-language NOW TV service on Cable TV will be concluded on Nov 27.
In a statement, both companies said they will continue to seek new opportunities for cooperation after the three-month trial.

The statement said the Chinese-language NOW service is scheduled to roll out in 2001, adding: "We look forward to exploring further opportunities for cooperation."

[Kersken]

HK`s I-Cable axes CyberWorks` NOW
By Vivian Chu, CBS.MarketWatch.com
Last Update: 10:52 PM ET Oct 30, 2000

HONG KONG (CBS.MW) - Pacific Century CyberWorks said its interactive multimedia service Network of the World, or NOW, will no longer be shown on local cable television provider I-Cable Communications after a trial broadcast ends next month.
Termination of the agreement is the latest blow for CyberWorks (PCW: news, msgs) , which already has suffered the cancellation of two other high-profile deals since September.

The three-month trial was "a good start for cooperation" between the two services which would continue to seek new opportunities of cooperation, said Hong Kong Cable Television in a release.

No reason was given for the termination, and spokesmen from both companies were not immediately available for comment.

I-Cable Communications (ICAB: news, msgs) owns Hong Kong Cable Television, which has 480,000 subscribers in the city. Besides its cable network, it also operates a local fiber optic network through which it will launch high-speed Internet access next year.

Shares of CyberWorks shed 0.83 percent to 6.00 Hong Kong dollars on Tuesday morning.

The stock has tumbled far from its February peak, but the collapse of a pair of recent deals has intensified selling pressure.

First, Taiwanese broadband services provider GigaMedia (GIGM: news, msgs) pulled out of a three-way partnership with PCCW and local partner ERA Communications. Earlier, U.S. Internet investor CMGI (CMGI: news, msgs) withdrew from a palm to set up a global venture fund with CyberWorks and another partner.

Moreover, it also raises questions about the quality of content on NOW, which CyberWorks once predicted would be the world`s dominant broadband Internet service combining entertainment and information.

Most analysts agree that the content on NOW -- with its youth-targeted offerings such as video games, indie film clips and music videos -- is not compelling enough to attract a wider audience or much-needed advertisers.

"This is yet another indication of how NOW is being perceived, and a negative in terms of the momentum for CyberWorks," said one analyst at a U.S. investment bank in Hong Kong.

"At the end of the day, if they`re not getting enough registered users and not enough people watching their content, it`s hard for them to argue that it makes sense to carry on the service," he added.

I-Cable`s termination of the trial run comes after CyberWorks told analysts last week it would cut back spending on NOW, after earmarking $750 million for the project over the next 18 months.

[Kersken]

PCCW beendet Testphase von NOW

Pacific Century CyberWorks möchte die Testphase des englischsprachigen Breitbanddienstes NOW ( Network of the World) am 27. November einstellen. In Zusammenarbeit mit dem Kabelnetzbetreiber Hong Kong Cable Television Ltd. wurde NOW vorerst als Tetsausgabe gestartet. In diesem Sinne wurden Marktforschungen unternommen, aber auch etliche Partner gewonnen, die für NOW in Zukunft Content liefern sollen. PCCW und Hong Kong Cable Television bekräftigten jedoch, nach der Testphase in neue Verhandlungen zu treten. Im nächsten Jahr möchte PCCW NOW als regulären Dienst starten, dann in chinesischer Sprache.

-fjs- 31.10.00 11:00:00

[Kastor]

Grad in Finanztreff!!

CyberWorks verbündet sich mit T-Online und fünf weiteren Internetanbietern

HONGKONG (dpa-AFX) - Die Hongkonger Internetholding Pacific Century CyberWorks hat die Zusammenarbeit mit sechs Internetanbietern angekündigt. Ziel sei die Expansion des Auslandsgeschäfts, teilte CyberWorks am Dienstag mit. Das Unternehmen nannte keine finanziellen Details. Die Partner sind den Angaben zufolge die amerikanische EarthLink , die japanische NIFTY Corporate/Fujitsu , SingNet, T-Online International , Unitel/Samsung und die brasilianische Universo Online. Im Rahmen der Kooperation werden sich die Unternehmen auf die Entwicklung von Diensten und Informationsangeboten konzentrieren./cs/av/sk

[el cid 1]

News Watch
Ahio
Was soll man davon Halten???


CyberWorks verbündet sich mit T-Online und fünf weiteren Internetanbietern

HONGKONG (dpa-AFX) - Die Hongkonger Internetholding Pacific Century CyberWorks hat die Zusammenarbeit mit sechs Internetanbietern angekündigt. Ziel sei die Expansion des Auslandsgeschäfts, teilte CyberWorks am Dienstag mit. Das Unternehmen nannte keine finanziellen Details. Die Partner sind den Angaben zufolge die amerikanische EarthLink , die japanische NIFTY Corporate/Fujitsu , SingNet, T-Online International , Unitel/Samsung und die brasilianische Universo Online. Im Rahmen der Kooperation werden sich die Unternehmen auf die Entwicklung von Diensten und Informationsangeboten konzentrieren./cs/av/sk

MfG el-cid

[Kersken]

14:29 01-NOV-2000
PCCW (0008-HK) wins US$30m Infonet telecom contract

Pacific Century CyberWorks announced that it has won a US$30 million (HK$234 million) contract to provide voice and data network capacity to Infonet Services Corp to link it with Hong Kong, Japan and Malaysia.

The deal may also be extended to add extra capability and better linkage to other places by 2002.

(End)

[91267]

Asianews



PCCW mit 30 Mill US-$ Auftrag von Infonet



PCCW gab heute bekannt, dass die Telekommunikationseinheit PCCW-HKT einen Auftrag in Höhe von 30 Mill US-$ von der amerikanischen Unternehmung Infonet Services bekommen habe.

PCCW-HKT wird Infonet internationale Kommunikationskapazitäten von 300 Mbps zur Verfügung stellen, die Hongkong, Japan und Malaysia verbindet. Zusätzlich werden noch 450 Mbps für die Verbindung zwischen Hongkong und den Rest der Welt bis Ende 2002 zur Verfpgung gestellt.

Die gesamt möglich Datenkapazität entspricht 1,5 % der gesamten Datenkapazität in der asiaitischen Region für 2000/01.

so long MagicTom

[Kersken]

PCCW verhandelt mit Banken über Umschuldung

Die Hongkonger Internetholding Pacific Century CyberWorks hat Gespräche mit einem Bankenkonsortium über die Umschuldung ihrer rund 4,1 Mrd. USD umfassenden Außenstände bestätigt. Heute wurde gab eine Sprecherin von PCCW bekannt, dass bis Februar die Refinanzierung abgeschlossen werden solle. Die 4,1 Mrd. US-$ sind als Rest der 12 Mrd. US-$ verblieben, die PCCW zum Kauf von C&W HKT aufgenommen hatte. Der Rest sei inzwischen durch Eigenleistungen, Kapitalerhöhungen und diverse Sonderleistungen gedeckt worden.

-fjs- 01.11.00 11:41:00

[Kersken]

Legend will Deal mit PCCW bis 2001 abschließen

Legend will bis zum Jahresende die Kooperation mit PCCW endgültig abgeschlossen haben. Bisher stehe man in Verhandlungen und habe schon einen Rahmenvertarg abgeschlossen. Die Kooperation kann nach Aussagen des Legend Chairmans sehr vielfältig sein. Man werde vor allem die die Hardware für den Breitbandervice NOW bereitstellen bzw. die vorhandene Netze bei den Kabel-Operatoren "upgraden".

Der Chairman von Legend fügte hinzu, dass man für technische Netzwerk-Operationen in China eine Lizenz bräuchte, was für das PC-Unternehmen kein Problem darstelle.

Warum die Verhandlungen noch nicht abgeschlossen sind ist nicht bekannt. Legend sprach nur davon, dass es bei den Verhandlungen unter anderem noch über die Beteiligungsverhältnisse gehe.

-js- 02.11.00 09:46:00

[Nasty]

Pacific Century CyberWorks auf der Suche
nach Partnern in Südkorea


HONGKONG (dpa-AFX) - Pacific Century CyberWorks hat nach
Angaben der "Hong Kong Economic Times" bereits Gespräche mit
potentiellen Partnern in Südkorea aufgenommen. Die Zeitung berief
sich in ihrer Donnerstagsausgabe auf Marktgerüchte, die diesen im
Bereich der Breitband-Technik vermuten. Das Unternehmen hat die
Gerüchte noch nicht bestätigt. Angeblich sei aber sicher, daß die
Korea Telecom nicht auf dem Wunschzettel stehe. Der
Zeitungsbericht zitierte einen Sprecher von Pacific Century
CyberWorks, nach dessen Aussage der Eintritt in den
südkoreanischen Markt zwar sehr interessant sei, aber mit Korea
Telecom wären keine Gespräche geführt worden./akr/cs/sk

[Kersken]

Who bought 44m PCRD shares?
By AZHAR KHALID

A MYSTERY buyer snapped up 44.36 million shares of Hongkong tycoon Richard Li`s Pacific Century Regional Developments (PCRD) at $1.34 apiece during the final half-hour of trade yesterday.

The transaction accounted for about 48 per cent of the total volume of 93.26 million shares traded on the counter -- making it the most actively traded stock.

PCRD`s shares ended 13 cents higher at $1.48 after hitting an intra-day high of $1.51.

An institutional dealing manager said the huge trade caused a stir in trading rooms.

Most dealers said the buyer was from BNP Paribas Peregrine while others believed it may be on behalf of another party.

BNP could not be reached for comment.

With the market thriving on rumours of mergers and acquisitions, some dealers were quick to speculate that the buyer was Singapore Telecom (SingTel).

""Some believe that SingTel is bidding to buy a stake in PCRD`s Hongkong subsidiary Pacific Century CyberWorks,`` said a local dealer.

But SingTel said yesterday it had not made any such purchase.

CyberWorks also declined to comment.

There was also market talk that the shares were bought to fulfil the delivery of shares for a covered warrant that had expired.

But Kim Eng Securities analyst Tong Weng Kin said he did not think there was any covered warrant on PCRD expiring yesterday.

[Kersken]

Richard Li will Pacific Century Insurance abstoßen

Richard Lis Investmentholding Pacific Century Regional Development (PCRD) plant ihren 41 % Anteil an dem Versicherungsunternehmen Pacific Century Insurance (PCI) zu verkaufen. Dies schreiben heute mehrere Zeitungen in Asien. PCRD führe bereits Gespräche mit potentiellen Käufern.

Quellen in der Nähe von Richard Li zufolge will er alle Beteiligungen, die nicht zum Hauptgeschäftsfeld "Technologie" zählen, veräußern. PCRD benötigt auch das Geld, um vollständig an der Kapitalerhöhung von PCCW teilnehmen und die neuen Aktien zeichnen zu können.

-js- 03.11.00 08:12:00

[Kersken]

PCCW: strong buy , 250 % Aussicht !

Die Experten der Zeitschrift " Aktien Research" empfehlen Pacific Century CyberWorks zum Kauf. PCCW unter der Führung des 33jährigen Richard Li, Sohn des Tycoons Li Ka-shing, habe mit der Übernahme der Cable & Wireless HKT für 38 Mrd. US-$ den " Turbo- Gang" für die Expansion seiner gigantischen , gerade 10 Monate jungen, Unternehmung PCCW, eingelegt. Durch die Allianz mit Telstra komme nun wieder Geld in die Kassen, das PCCW zu einem kräftigen Abbau der Schulden helfe.

Wesentlich sei die glaubwürdige Strategie von PCCW, die von der asiatischen Internetgemeinde anerkannt wurde. Jonathan IU von SG Securities setzt die Aktie auf " strong buy". Die Gelegenheit der Kursschwäche sei jetzt günstig. Nach der neuen Verkaufswelle seit Ende August hat die Aktie jetzt auch Widerstand oberhalb von 5 HK-$ gespürt.

Wie bereits erwähnt konzentriert sich das Geschäft mit Telstra auf 3 Bereiche: Die Entwicklung eines globalen Kommunikationsunternehmens
( Internetprotokoll- Backbone), zweitens die Errichtung von Internet- Data- Centern und drittens soll ein regionales Mobiltelefon- Unternehmen im asiatischen Raum betrieben werden. Telstra erhält einen 60 %-igen Anteil an der Mobilfunktochter von PCCW. Telstra unterstützt das "Network of the World" ( NOW) außerdem mit Distributionsdiensten.

Für 2000 erwartet PCCW einen gewinn von 0,20 HK-$ pro Aktie, für 2001 sollen es dann schon 0,32 HK-$ werden. Das KGV würde sich dann auf dem Niveau von 2001 auf 23,3 reduzieren. Derzeit beträgt die Marktkapitalisierung des Unternehmens 20,83 Mrd. US-$. PCCW verfügt derzeit über 15.000 Mitarbeiter und hat als größte Konkurrenten Hutchison Whampoa, City Telecom und i- Cable Communications.

Die Experten von " Aktien Research" sehen bei der Aktie ein Kurspotenzial von 250 % auf Sicht von 12 Monaten. Die Volatilität der vergangenen 12 Monate betrug satte 90 % . Weitere Kaufempfehlungen existieren von Typhoon Eight Res. am 16. Oktober, Indosuez W.I. Carr am 3. Oktober oder HSBC Sec. vom 29.9.

-fjs- 03.11.00 10:43:00

[Kersken]

PCCW-Tochter iLink noch 2000 an den GEM

Die 41 %-Tochter von PCCW, iLink, will noch in diesem Jahr an den GEM gehen. Dies sagte der CEO des Daten-Center-Betreibers. Vor der IPO werden keine neuen strategischen Investoren mehr bei dem Unternehmen einsteigen.

iLink betreibt mehrere Daten-Center in Hongkong. Weitere in Peking und Shanghai sollen in den nächsten 12 Monaten starten. Momentan hat man etwa 200 Kunden. Den Break-even erwartet man allerdings erst in fünf Jahren.

-js- 03.11.00 09:13:00

[Kersken]

Goldman Sachs: Kein Boden in Asien; zu PCCW

Nach Ansicht des CEOs von Goldman Sachs (Asia) hat der asiaitische Markt noch nicht seinen Boden erreicht. Er glaubt, dass es noch eine weitere Anpassung nach unten geben könnte. Bei den Content-Providern überleben seiner Meinung nach nur 2 bis 3 pro Land. Die IT-Unternehmen müssen rentable Geschäftsbereiche und gute Mitarbeiter finden.

Darauf angesprochen, ob PCCW transparent genung sei, sagte er, dass das Unternehmen bei seinen Management-Mitarbeitern noch etwas tun könnte. Dies könnte zum Beispiel im Dezember geschehen, wenn der Deal mit Telstra endgültig abgeschlossen sei. Die Reduzierung des Investments in NOW begrüßte er.

-js- 03.11.00 09:53:00

[Kersken]

16:47 03-NOV-2000
PCCW: 90 pct subscribers to use mobile data service in 4 yrs

Pacific Century CyberWorks (PCCW) (0008-HK) announced the launch of the first (General Packet Radio Service) GPRS commercial service in Hong Kong and said that the service will initially be offered to 1010 mobile communications subscribers.

Subscribers may enjoy 2MB transmission data service for $198 per month.

General manager Eden Lau of PCCW Marketing Mobility Services has an optimistic view on the development of mobile communications services.

Mr Lau added that after the GPRS mobile phones become popular, the company will extend its service to One2Free subscribers.

He expects 80-90 pct of Hong Kong mobile communications subscribers will use mobile data services such as GPRS technology in four to five years` time.

In addition, he said PCCW will repack its existing i.MENU data service into @1010 service and add Post@1010 sub-pages so as to offer browsing facilities for six magazines.

(End)

[Kersken]

Friday, November 3, 2000
STRATEGY

Legend and CyberWorks expand co-operation
HUI YUK-MIN and REUTERS

Legend Holdings and Pacific Century CyberWorks are in talks to expand their business co-operation to provide network upgrade and management solutions for China`s cable television operators.
Mary Ma, Legend senior vice-president, said the co-operation would include assisting the mainland`s more than 3,000 cable television operators in upgrading their cable networks from existing one-way transmission capability to two-way enabled broadband networks.

"The [Beijing] government has announced its plan to open up value-added Internet-related services for cable TV operators," Ms Ma said.

"We believe this would be a good business opportunity for both of us."

Last Wednesday, the Ministry of Information Industry`s director-general of policy and planning, Liu Cai, said the ban on telecommunications and cable television operators becoming involved in each other`s business had been revoked after being in force for just a year.

Beijing`s policy shift to allow cable TV operators to provide Internet value-added services was the latest move to encourage competition in domestic telecoms and broadcasting industries prior to the opening up of the sector for foreign investment after China`s entry to World Trade Organisation.

Legend - China`s dominant personal computer manufacturer - believes that jointly providing cable TV network upgrading and solutions services with Richard Li Tzar-kai`s CyberWorks will eventually help to boost its hardware sales.

Legend chairman Liu Chuanzhi said the cable TV business plan was an extension of the two parties` original strategic alliance framework signed in late February. Under the memorandum of understanding, Legend and CyberWorks` original link covered the distribution of CyberWorks` multimedia services Network of the World and the manufacture of set-top boxes.

Legend expected to reach an agreement with CyberWorks by the end of the month.

The news helped to relieve worries on the link between Legend and CyberWorks as the talks between the two have dragged on for eight months without any progress. Mr Liu said the discussion on the share split between the two was one of the reasons the talks continued for so long.

Meanwhile, Legend plans to invest about HK$2.4 billion - which the company raised from share placements early this year - in its businesses during the next three to five years, according to Mr Liu.

Of the amount, about 40 per cent will be invested in Internet-related businesses, including the joint venture with CyberWorks.

About 20 per cent of the sum will be invested in research and development for new products, 20 per cent on marketing, and the remainder used for working capital.

Shares in Legend fell 25 cents, or 3.73 per cent, to close at HK$6.45.

[Kersken]

Friday, November 3 2:48 PM SGT

PCCW HKT Wins US$30 MLN Contract to Provide Infonet With Capacity

HONG KONG, Nov 3 Asia Pulse - Pacific Century CyberWorks said its telecommunications unit PCCW-HKT has signed an agreement valued at approximately US$30 million with Infonet Services Corporation to provide integrated international communications capacity.
Under the agreement, PCCW-HKT will provide Infonet with 300 Mbps of international capacity to connect Hong Kong, Japan and Malaysia within the fourth quarter of 2000, the company said in a statement.

Subject to the accord of both parties, an additional 450 Mbps capacity to link up Hong Kong with the rest of the world can be in place before the end of 2002.

"As we expand our services to the fast-growing Asia-Pacific region, we will continue to build up reliable and efficient network capacity for integrated voice, data, Internet/IP and video traffic," said Larry Morgan, Vice President, Asia-Pacific of Infonet.

The total possible capacity involved in the agreement is equivalent to 1.5 per cent of the data requirements in the Asia-Pacific region for 2000/2001, according to forecasts in The Bandwidth Explosion Report 1999, by Ovum, an independent research and communications company.

"With our extensive experience and cutting-edge technology in telecommunication services, PCCW-HKT can meet the growing demand for high speed services, while furthering Hong Kong`s role as a major communications services center. The partnership with Infonet means we can work together with our customers to capitalize on the huge business opportunity created by the digital economy," said Ted Hsiung, President, Commercial Services of PCCW-HKT.

ASIA PULSE

[bluecat]

Hi
schaut mal in em-research rein
da gibt es News zu Pacific

[Kersken]

Pacific Century CyberWorks startet mobilen Datendienst nach GPRS-Standard

03.11.2000 09:41
HONGKONG (dpa-AFX) - Die Hongkonger Internetholding Pacific Century CyberWorks hat für ihre Mobilfunkkunden ihr Angebot um die mobile Datenübertragung per General Packet Radio Services-Verfahren (GPRS) erweitert. Wie CyberWorks am Freitag mitteilte, ermöglicht der neue Dienst eine permanente Verbindung in das Internet. Den Angaben zufolge haben sich die Bank of China, Dao Heng Bank , Hewlett-Packard , Lehman Brothers und Nokia an dem Pilotprogramm von CyberWorks für unternehmensweite Informationssysteme per GPRS beteiligt./cs/av/sk

[Kersken]

@bluecat
hättest es ja auch gleich reinstellen können

PCCWs GBRS Kunden in vier Jahren bei 90%

Nachdem PCCW den Start des GPRS-Dienst bekannt gab , wurden weitere Details dazu bekannt. Anfangs sollen 1010 Mobilfunkkunden die Dienste nutzen und 198$ pro Monat zahlen. Innerhalb von 4 bis 5 Jahren sollen dann insgesamt 90% der PCCW-Mobilfunkkunden GPRS nutzen. (fs)

© Emerging Markets Research, 03.11.00
http://www.em-research.de

[Kersken]

PCCW/Beijing Centergate-JV investiert in Datenzentren

In einem Jointventure mit PCCW, wird Beijing Centergate Technologys Company Limited in Datenzentren investieren. Jedes Unternehmen hält 42,5% an dem Jointventure und man hat zusammen 29 Mio. US$ investiert. Für zwei erste Zentren wird man noch zusätzlich 21 Mio. US$ investieren. In den nächsten 18 Monaten sollen insgesamt 7 weitere entstehen. (fs)

© Emerging Markets Research, 03.11.00
http://www.em-research.de

[bluecat]

Sorry aber diese news meinte ich nicht
sondern die von 13.30

[bluecat]

Doch noch gefunden?
was hälst Du davon?

[Kersken]

11:41 04-NOV-2000
iTV, NOW expect to merge in six months [/b)

The merging of iTV, NOW is expected to be completed by May next year, according to Sing Tao Daily citing sources.

iTV will change the set-top boxes for 80,000 clients to upgrade service quality.

It is estimated that PCCW (0008-HK) will have to write off about $300 million as a result.

(End)