PCCW-News, Berichte & Stories 48.KW in Deutsch/Englisch - 500 Beiträge pro Seite

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10:08 27-NOV-2000
PCCW, Telstra to spin off 3 JVs in 18 mths to raise US$1.51b

The Economic Times reported that the three joint ventures formed by PCCW and its partner Telstra in Australia are to be spun off for separate listings in 18 months to raise a minimum of US$1.51 billion (HK$11.78 billion).

Analysts said the company has set the target too high but company chairman Richard Li said listings will not be carried out for less than the said amount.

Under the agreement, the number of new shares issued must not exceed 10 pct of the expanded share capital.

The IP backgone is looking to raise US$1 billion, the mobile unit US$310 million and the data centre US$200 million.

(End)

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PCCW: Richard Li hält Kursverfall für nicht ungewöhnlich

PCCWs CEO Richard Li teilte in einem Interview mit, dass er den Verfall der PCCW Aktien für nicht ungewöhnlich hält. Der Preis sei noch immer sieben Mal so hoch wie der der früheren VTtricom Holding, außerdem hätten auch die globalen High-Tech-Giganten wie Yahoo!, Worldcom oder AT&T Kursstürze im Bereich 80% mitgemacht.

Er verteidigte außerdem nocheinmal seine Internetstrategie. Die Expansion seiner Internetprojekte sei keineswegs übertrieben. Außerdem "wurden die Internetprojekte schon von Anfang an immer durch solidere Projekte unterstützt und gefördert", so Li. (jf)

© Emerging Markets Research, 27.11.00
http://www.em-research.de

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PCCW: Keine finanziellen Probleme

Richard Li teilte mit einem Interview mit, dass sein Unternehmen Pacific Century Cyberworks trotz der jährlich anstehenden Zinsen in Höhe von 300 Mio. HK-$ keine finanziellen Probleme bekommen wird, da man über genug Cash verfügt.

Richard Li dementierte außerdem Gerüchte, dass sein Unternehmen die Fusion mit Li-Ka-Shings Hutchison Whampoa (0013-HK) anstrebe. (jf)

© Emerging Markets Research, 27.11.00
http://www.em-research.de

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PCCW-Telstra: Genaueres zu den Börsengängen

Am Samstag wurden nocheinmal genauere Pläne für die Börsengänge der Gemeinschaftsunternehmen zwischen Pacific Century CW und Telstra bekannt. So planen die beiden Unternehmen Ihre drei Joint Ventures innerhalb der nächsten 18 Monate zu listen. Die Einnahmen sollen mindestens 1.5 Mrd. US-$ betragen. Davon soll in etwa 1 Mrd. US-$ aus dem Börsengang des IP Backbone JV stammen, 300 Mio. aus dem des Mobilfunk JV und 200 Mio aus dem des Datencenter JV.

Einige Analysten sprachen bereits Bedenken aus, ob dieser Betrag nicht zu hoch angesetzt sei. Richard Li meinte hierzu, dass die genannten Beträge das absolute Minimum seien und die Listings nicht mit Preisen darunter stattfinden werden. (jf)

© Emerging Markets Research, 27.11.00
http://www.em-research.de

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PCCW und Telstra planen IPOs der Joint Ventures

Die drei Joint Ventures zwischen PCCW und der australischen Telstra sollen in den nächsten 18 Monaten separat an die Börse gebracht werden. Das Listing soll mehr als 1,51 Mrd US-$ in die Kassen spülen. Dies berichtet die "Hong Kong Economic Times".

Analysten schätzen aber, dass das von 1,51 Mrd US-$ gesetzte Ziel zu hoch sei. Richard Li bekräftigte aber, dass man die Teile aber auf keinen Fall für weniger an die Böres bringen wolle. Beim IP-Backbone-Joint Venture wolle man 1 Mrd US-$, beim Mobilfunk 310 Mill US-$ und beim Daten-Center 200 Mill US-$ erlösen.

-js- 27.11.00 09:04:00

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Syndication kicks off loan for PCCW refinancing

Syndication has begun of Pacific Century CyberWorks` (PCCW) US$4.7 billion-equivalent refinancing loan facility, the five banks arranging the transaction said in a joint statement yesterday.

Barclays Capital, BOCI Capital, Chase Manhattan, the Mizuho Financial Group and HSBC said a selected group of banks will be formally invited to sub-underwrite the term loan facility next week. General syndication will then follow.

Formal invitations as well as a detailed information memorandum will be sent out to banks next week.

The statement confirmed that the bullet repayment deal for wholly-owned PCCW subsidiary, Cable & Wireless HKT (C&W HKT), will be split into three tranches and be available in both Hong Kong and US currencies.

Tranche A will have a tenor of three years and be up to US$1.5 billion, and tranche B will be a US$2.3 billion loan maturing in five years. Tranche C is a US$900 million, seven-year loan.

The three-year tranche will carry a margin of 50 basis points above LIBOR (London Interbank Offered Rate), the five-year portion will pay 65 basis points plus LIBOR and the seven-year tranche will have a margin of LIBOR plus 80 basis points, the statement added.

The facility will pay off the outstanding portion of a US$12 billion acquisition bridge loan taken up by PCCW earlier this year when it purchased C&W HKT.

The banks said PCCW hosted a bank presentation yesterday morning to kick off syndication of the deal.

Banking sources at the meeting said that about 30 financial institutions were represented.

The fees on the deal were not discussed, but bankers close to the transaction say the refinancing deal will offer fees close to those for the US$2 billion loan facility for PCCW`s joint venture Internet Protocol (IP) backbone firm with Australian telecom provider Telstra Co.

The deal was launched on Thursday and offers identical margins. Banks underwriting US$150 million of that deal earn a combined fee of 85 basis points flat, and those underwriting US$75 million get 60 basis points flat.

Agencies via Xinhua

[Ralf-St.]

Bin neu in PCCW investiert. Mich würde interessieren wie eurer
Meinung nach die Kursentwicklung in den naechsten 6 Monaten aussieht ??? Danke !!!

[mcsteve]

Na endlich ! Da ist ja ein Interessent für PCCW... Die Optimisten kehren wohl zaghaft aber sicher zurück !

@ Ralf-St.

Schwer zu sagen, wo PCCW in 6 Monaten steht. Ich rechne mit einer Range von 0,75 bis zu 2 EUR.

Das größte Handycap dürfte der anstehende Verkauf des 15 % Anteils von Cable & Wireless im Februar und August sein...
Wenn sich dafür nicht vorher ein Käufer für dieses Paketchen findet, sehen wir die o.g. untere Range, wenn nicht noch weniger.

Jedenfalls bleiben immense Risiken, welche jedoch auch großen Chancen entgegenstehen. Ich sehe PCCW jedoch lieber auf eine Sicht von 3 bis 5 Jahren und lasse mich nicht durch Kursschwankungen verunsichern.

Viele Grüße !

mcsteve

[Dollar-Jo]

Hallo PCCW´s-Fans!

Ich habe leider diese Aktie für 3,37 €!!!! im Frühjahr gekauft.
Was soll ich tun, verkaufen?
Mir wird immer ganz schlecht wenn ich mir die derzeitigen Kurse ansehe.
Weihnachten mit Geschenken wird wohl ausfallen!!

Viele Grüsse

Dollar-Jo

[[b][i]@FLAGSHIP(/b][/i]]

Pacific Century kaufen

Emerging Markets Investor
Nach Aussage der Experten des Emerging Markets Investor werden die Geschäftsperspektiven auch im Fall von Pacific Century Cyberworks (WKN 924882) weiter positiv beurteilt.
Zur angebotenen Kapitalerhöhung: Wer PCCW-Aktien im Depot habe, hätte von seiner Bank zuletzt das PCCW-Angebot erhalten, für je 1`000 Aktien 30 neue PCCW-Aktien zu HK-$ 6,50 zu zeichnen. Zusätzlich gebe es für jede neue Aktie zwei Warrants mit Basispreis HK-$ 7,50 und einem Jahr Laufzeit.
Ob man die Kapitalmaßnahme mitmache oder nicht, hänge von den individuellen Intentionen ab. Wolle man mit PCCW die schnelle Mark machen, würde man die Aktie jetzt zu HK-$ 5,55 oder EUR 0,83 kaufen und nicht zu HK-$ 6,50 zeichnen. Wer langfristig agieren wolle, der solle die Aktie zeichnen.
Die Analysten des Emerging Markets Investor sind der Meinung, dass die Warrants während der Laufzeit ins Geld kommen werden. Dies bedeute, einen 40 %-igen Anstieg werde den PCCW-Aktien in den kommenden Monaten zugetraut.


PCCW - massiv geshortet
--------------------------------------------------------------------------------
24 % aller Shortselling Transaktionen am heutigen Tag wurden alleine durch den Handel von PCCW Aktien erreicht. Die montäglichen Shortverkäufe bewegten sich im Bereich von 242 Millionen HK $ gegenüber 220,96 Millionen HK $ am Freitag.
Pacific Century CyberWorks Ltd. (0008) hat heute einen Anteil von 24.5 % des gesamten umgesätzen Volumens gehabt. Das sind 10,6 Millionen Aktien im Wert von 59,3 Millionen HK $.
© BörseGo.de

Executives von PCCW zahlen erhöhte Aktienpreise

Laut Angaben der South China Morning Post kauften einige
Direktoren bei PCCW Wertpapiere zu erhöhten Preisen. Der
Deputy CEO Norman Yuen Kee-tong zahlte für 26.801
Papiere 6,5 HK-$ pro Stück. Dies liegt 16 % über dem
gestrigen Schlusskurs.
Rebecca Leung, Executive Vize Präsident bei PCCW
betonte, dass alle Direktoren auch an den Bezugsrechten
teilnehmen. der Bezugspreis liegt ebenfalls bei 6,5 HK-$.
Dabei handelt es sich um die angebotenen Bezugsrechte zur
Finanzierung der 9 Mrd. US-$ Schulden durch die
Übernahme von C&W HKT
Quelle: asiainternet

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10:21 28-NOV-2000
PCCW (0008-HK) status in IP backbone unchanged

The Economic Times said in a report that PCCW and its partner Telstra have kept a variety of assets for future injections into their IP backbone joint venture.

Among the items are Australia and Japan cable projects.

Securities circles pointed out that Telstra has kept a larger share of these items which in turn may lower PCCW`s future holdings in the backbone JV after a new share issue.

PCCW, however, responded by saying that any decisions would be by the 50/50 board of the company and therefore Telstra cannot be the major shareholder, nor PCCW.
(End)

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13:41 28-NOV-2000
PCCW/Telstra IP backbone spinoff as early as in 15 months

Telstra treasurer Cliff Devis said the new IP backbone joint venture with PCCW (0008-HK) will require one year to set up.

The new company will have to wait another three months for a credit rating.

The earliest possible listing date for a spinoff is 15 months from now.

He said he agrees to the market valuation that the JV is worth US$6 billion (HK$46.8 billion).
(End)

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14:05 28-NOV-2000
PCCW (0008-HK): No plans to inject assets in IP backbone JV

PCCW today held a meeting with banks on its US$2 billion (HK$15.6 billion) syndicated loan.

Treasurer of the company W. Michael Verge said that the company appreciates the support given by the banks.

He said PCCW has no plans to inject assets into the IP backbone joint venture.

It also has not set a timetable for the spinoff.

One of the bank representatives said that they had not discussed assets injection and or a spinoff at the meeting.

It believed that the rate for the loan is relatively low and may set a trend.

The banks will confirm in two weeks if they are agreeable to terms for the loan.
(End)

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14:31 28-NOV-2000
Cendata launched by PCCW (0008-HK), Beijing Centergate

Beijing Centergate Data Center (Cendata) jointly operated by Pacific Century CyberWorks (PCCW) and Beijing Centergate Communications Network Development Co Ltd was duly launched today.

It already offers such services as co-location and leasing of equipment and is developing new value-added propositions to maximise the efficiency and profitability of clients.

It will also offer web-hosting, data management, e-business solutions and other client-customised value-added services with such basic infrastructures as electricity, air-conditioning and centralised monitoring systems.
(End)

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Spike tight-lipped on finance for joint arm
ELI GREENBLAT
Tuesday 28 November 2000

Spike Networks says it has secured a major capital injection for its joint venture with Pacific Century CyberWorks as the race in the dot-com sector to attract much-needed funds heats up.

A trading halt in Spike Networks shares was triggered yesterday morning as the company prepared to release details of what is expected to be a massive restructure of its Spike CyberWorks division, which is 30 per cent owned by Richard Li`s PCCW.

A heads of agreement was signed on Friday with unknown investors and a company spokesman yesterday refused to say how much was sought or the quantity of capital received.

Spike shareholders at the annual meeting in Sydney yesterday were also left in the dark, although chairman John McGuigan told them it would result in a significant injection of funds into Spike CyberWorks.

November is proving to be a worry for the tech sector: last week Rupert Murdoch pulled the plug on his high-profile Buy.com, while investors in dstore were understood to have been asked to tip in another $6 million.

It is believed Spike CyberWorks will continue as a going concern; however, questions over Spike Networks` future were raised by the Australian Stock Exchange earlier this month after the release of the September-quarter results. The report revealed the company had burned nearly half its cash reserves in three months and had only $5.2 million left in the bank.

Spike CyberWorks, a digital services company operating in Hong Kong, Japan and Australia, is widely viewed as the group`s last remaining key asset following the failure of its SpikeRadio and United States Web design business. Spike Networks unveiled a $26.9 million net loss last financial year. It had forecast a loss of $6 million.

Market rumors suggest the heads of agreement may see PCCW lift its Spike Cyberworks stake above 50 per cent.

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Spike secures funding
Craig Liddell CNET Australia
Tuesday, November 28, 2000

The Asian subsidiary of Internet services group Spike Networks will today receive a large cash injection from its joint venture partner, Hong Kong listed broadband Internet company, Pacific Century CyberWorks.

Spike has signed a heads of agreement which will result in a significant injection of capital into Spike CyberWorks, the joint venture with Pacific Century CyberWorks through which Spike operates its digital services business.

The company yesterday requested a trading halt of its shares prior to an annoucement.

Spike holds a 70 per cent stake in Spike Cyberworks with Richard Li`s Pacific Century CyberWorks holding the remaining 30 per cent.

Chairman Mr John McGuigan told shareholders at yesterday`s annual general meeting that an injection of capital was desirable if the Spike CyberWorks business was to achieve its objective of being a leading pan Asian provider of digital services.

"Pending the issue of a detailed announcement I am not in a position to comment further," he added.

Mr McGuigan also said the company`s other major business, Internet radio and media production services business SpikeRadio, continued to underperform.

"Clearly it has been a troubling investment for the company," he said.

"The external environment continues to be difficult with increased competition and a slower than anticipated take up by advertisers in allocating funds to online initiatives. "

"Despite these challenges, both the Internet radio station and the newly established media production services should from next month be operating on a break even basis within contractually committed revenues."

He said with Spike Radio operating on a cash flow break even basis, the entire company had adequate financial resources to meet its ongoing commitments.

The trading halt will last until the release to the market of an announcement or the renewal of trading on the ASX on Wednesday, November 29.

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PCCW mit neuem Datenzentrum

PCCW und Beijing Centergate Communications Network Development Co haben heute ein 2.000 qm großes Datenzentrum in Peking eröffnet. Der neue Center firmiert unter dem Namen Bejing Centergate Data Center (Cendata). Von dem neuen Center soll auch die PCCW-Tochter Powerbase profitieren, die nun auch über diesen Center in China expandieren kann.

Von Cendata soll Seitenmanagement für e-business angeboten werden. Auch Web-Hosting, schnellere Internetzugänge und andere Daten-Service will man anbieten. Später soll das Datenzentrum dann auf 6.000 qm ausgeweitet werden.
-fjs- 28.11.00 09:43:00

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PCCW-Telstra-JV: Listing in frühestens 15 Monaten

PCCW hat keine Pläne noch weitere Beteiligungen in das IP-Backbone-Joint Venture mit Telstra einzubringen. Dies sagte man am Rande eines Treffens mit Banker. Hier ging es um den 2 Mrd US $-Kredit für das Joint Venture. Die Banken werden in den nächsten zwei Wochen entscheiden, ob sie die Bedingungen akzeptieren. Ein Banker sagte, der Zins des Kredites sei sehr niedrig.

Ein Listing des Joint Ventures könne nach Aussagen von Telstra frühestens in 15 Monaten erfolgen. Man brauche 12 Monate um zu Konsolidieren und Zusammenzuwachsen. Danach bräuchten noch die Banken drei Monate um das Unternehmen zu bewerten. Den derzeitigen Wert schätzt Telstra auf etwa 6 Mrd US-$. An dem 50:50-Verhältnis mit PCCW werde sich nichts ändern.
-js- 28.11.00 09:54:00

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PCCW: 20 % Gewinnwachstum beim IP-Backbone-JV

PCCW hat bei dem Treffen mit den Banken seine Gewinnschätzungen für das IP-Backbone-Joint Venture mit Telstra bekannt gegeben. Das Unternehmen schätzt, dass das 50:50-Joint Venture im nächsten Jahr vor Steuern, Zinsen und Abschreibungen 506 Mill US-$ verdienen wird. In den folgenden Jahren soll der Gewinn (EBITDA) um jährlich durchschnittlich 20 % bis auf 1,23 Mrd US-$ 2006 ansteigen. Analysten halten diese Gewinnschätzungen jedoch für zu optimistisch. Diese Zahlen liegen zum Beispiel 20 % über den Schätzungen von ABN Amro. Die holländische Bank geht davon aus, dass die Preise durch die Überkapazitäten in Asien und den Wettbewerb um 25 bis 30 % in Zukunft fallen werden.

PCCW und Telstra verhandeln momentan über einen 2 Mrd US-$ Kredit mit den Banken. Die Banken haben nun zwei Wochen Zeit, um zu entscheiden, ob sie daran teilnehmen wollen oder nicht.
-js- 28.11.00 13:52:00

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PCCW & Beijing Centergate gründen Datenzentrum

Zusammen mit Beijing Centergate Communications Networks Development wird PCCW ein Datenzentrum in Peking aufbauen, dass seine Internetdienste für Unternehmen des e-Business anbietet. Das Jointventure mit dem Namen Beijing Centergate Data Center wird dazu unter anderem Internetzugang und Seitenmanagement anbieten. Weiterer Partner und Profiteur der Kooperation ist das Unternehmen Powerb@se, das seine Fachkenntnisse in dem Bereich einsetzen wird und über das Zentrum in die Volksrepublik China expandieren kann.

Das Datenzentrum wird eine 2000 Quadratmeter große Fläche mit insgesamt 400 Serverregalen umfassen. Später soll die Fläche auf 6000 Quadratmeter erhöht werden. (fs)

© Emerging Markets Research, 28.11.00
http://www.em-research.de

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PCCW: Treffen mit Banken

PCCW veranstaltete heute ein Treffen mit Banken über den 2 Mrd. US$ Kredit. Ein Bankvertreter sagte danach, dass ein niedriges Risiko beim Kreditrating zu erwarten ist. Außerdem habe man nicht über Spinnoff-Termine und mögliche Immobilieninjektionen in das IP-Backbone JV PCCWs mit Telstra gesprochen. In spätestens zwei Wochen werden die Banken ihre Entscheidung über den Kredit treffen.

Ein PCCW-Schatzmeister, W. Michael Verge, sagte nach dem Treffen, dass man die gute Unterstützung durch die Banken hoch schätzt. Er führte fort, dass PCCW keine weiteren Immobilien in das IP-Backbone JV stecken wird und es noch keine Termine für die Spinnoffs gibt. (fs)

© Emerging Markets Research, 28.11.00
http://www.em-research.de

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Wann ist das Spinnoff des IP-Backbone JV von PCCW

Zum Einrichten des IP-Backbone Jointventures mit Telstra wird PCCW etwa ein Jahr brauchen. Da man zuvor noch 3 Monate auf ein Credit Rating warten muss, wäre ein Spinnoff des Jointventures frühestens in 15 Monaten möglich.

Laut Cliff Devis von Telstra ist das Jointventure dann in etwa 6 Mrd. US$ wert. Sowohl PCCW und seine Kreditgeber als auch Telstra gaben heute keine Angaben zu den Terminen. Er ist noch nicht entgültig besprochen. (fs)

© Emerging Markets Research, 28.11.00
http://www.em-research.de

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PCCW: Status bei IP-Backbone bleibt gleich

Die Economic Times gab in einem Report bekannt, dass PCCW und Telstra eine Auswahl an Immobilen halten, welche später in das IP-Backbone Jointventure integriert werden können. Dazu gehören u.a. Kabelprojekte in Australien und Japan. Da diese Unternehmenssparten mehrheitlich von Telstra eingebracht würden, gab es Gerüchte über eine Anteilsänderung am IP-Backbone JV zu Gunsten von Telstra.

Heute wurde von PCCW bekannt gegeben, dass der Anteil trotz allem immer 50 zu 50 sein wird. (fs)

© Emerging Markets Research, 28.11.00
http://www.em-research.de

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Pacific Century CyberWorks will aus Börsengängen 1,5 Mrd USD einnehmen

27.11.2000 12:19
HONGKONG (dpa-AFX) - Die Hongkonger Internetholding und Telefongesellschaft Pacific Century CyberWorks will aus den Börsengängen von drei mit der australischen Telstra betriebenen Gemeinschaftsunternehmen rund 1,5 Mrd. USD einnehmen. Dies berichtet die "Hong Kong Economic Times" in ihrer Montagsausgabe unter Berufung auf den CyberWorks-Aufsichtsrat Victor Li. Die Gesamtkapitalisierung der drei Firmen wird laut Li bei ihrem Börsengang 15,1 Mrd. USD betragen.

Bei den drei Joint-Ventures handelt es sich jeweils um eine hälftig zu Telstra und CyberWorks gehörende Internet-Infrastruktur-Firma (Backbone-Betreiber), ein EDV-Zentrum sowie um die Mobilfunkgesellschaft, an der CyberWorks 40% hält.

Li bezeichnet die Aussichten für alle drei Firmen als vielversprechend und die geschätzte Marktkapitalisierung als angemessen. Dem Bericht zufolge soll der Börsengang der Internet-Backbone-Firma 1 Mrd. USD in die Kasse von CyberWorks spülen, die Mobilfunkgesellschaft 310 Mio. und das Datenverarbeitungszentrum 200 Mio. USD. Der Börsengang sei für die erste Jahreshälfte 2002 vorgesehen./cs/wö

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09:31 29-NOV-2000
PCCW`s iLink.net reported delaying its public listing

The Hong Kong Economic Times quoted sources as saying that iLink.net, 41 pct-owned by Pacific Century CyberWorks (PCCW), may delay its proposed spinoff on the Growth Enterprise Market.

It was reported that the listing application submitted by iLink.net has been approved by the Listing Committee of the Stock Exchange of Hong Kong yesterday but the company as well as its sponsor BNP Paribas Peregrine have decided to delay the proposed spinoff and have requested a postponement of the hearing.

They had not set any new listing timetable.

Billy Tam, chief executive officer of iLink.net, said that the company is still preparing for its proposed listing and denied the listing hearing was held yesterday.

He stressed that the company has not set a listing timetable yet and therefore no postponement applies.

Director - Corporate Communications Kelvin Tang King-fai said that the company has $160 million cash on hand with a monthly bank interest income of $1 million.

Thus, the company needs not raise funds at the moment.
(End)

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09:53 29-NOV-2000
C&W, China Telecom reported to have disposed PCCW rights

PCCW shareholders will have to decide today whether to subscribe to the rights issues.

The Oriental Daily quoting market sources as saying that China Telecom and Cable & Wireless will not subscribe to PCCW shares as they have disposed of their rights.

PCCW announced that some of the company`s executive directors have subscribed to all their rights shares and three of them bought some extra rights shares worth $6.5 million.

Chairman Richard Li is to underwrite the rights issue.
(End)

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10:53 29-NOV-2000
techpacific.com (8088-HK) buys 51 pct of Spike Cyberworks

techpacific.com announced that it has signed a non-binding acquisition agreement with Pacific Century CyberWorks (PCCW) (0008-HK) and Australia`s Internet company Spike Networks on November 24 for the acquisition of a controlling stake in Spike Cyberworks, a joint venture company between the two other parties for $87.3 million.

Accordingly, techpacific.com will issue about $42.6 million-new shares to PCCW as a consideration to acquire the 30 pct stake in Spike Cyberworks held by PCCW.

The new shares to be issued will represent about 4.5 pct of the issued share capital of techpacific.com.

Meantime, techpacific.com will subscribe for new shares in Spike Cyberworks for about $44.7 million in cash so as to increase its shareholding in Spike Cyberworks from 30 pct to 51 pct.
(End)

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11:08 29-NOV-2000
PCCW touches new low at $5.15, fall in HSI widens to 400 pts

Share price of Pacific Century CyberWorks (PCCW) (0008-HK) touched a new low at $5.15.

The sluggish performance of the stock may make it difficult to attract investors to participate in its rights issue, the deadline for which is today.

The share price has fallen below the level in April, 1998 when retail investors acquired the stock after the listing of Tricom, a vehicle for PCCW`s back-door listing plans.

The Hang Seng Index (HSI) continued to wander in the very low level and the fall has gone over 400 pts.
(End)

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12:49 29-NOV-2000
PCCW (0008-HK) to adopt new logo

Pacific Century CyberWorks (PCCW) (0008-HK) executive committee vice-chairman Alexander Arena said the company will be using a new logo.

The investment in the logo change is limited and a budget has been drawn from the sales and marketing departments.

The new logo will reflect the energy and future development of the group, Mr Arena added.

The change wil take place in several months` time.

He declined to comment on the progress of sales of PCCW shares by Cable & Wireless.
(End)

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13:58 29-NOV-2000
Alexander Arena: No cause for concern on PCCW rights issue

Pacific Century CyberWorks (PCCW) (0008-HK) executive committee vice-chairman Alexander Arena declined to comment on the response to PCCW`s rights issue.

Mr Arena, who is also a shareholder of the company, is confident of the company`s outlook.

As such he said he will be exercising his share options.

He pointed out that the rights issue plan has been underwritten by Richard Li, so there is no reason for concern.

However, he declined to say if China Telecom and Cable & Wireless would join the rights issue.

Share price fluctuations are not expected to have an impact on the company`s business development.

He said the company has no intention to raise charges of fixed network telephone charges this year.
(End)

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14:08 29-NOV-2000
PCCW: IP backbone JV estimated value US$6b

Alex Arena of PCCW (0008-HK) said that the preliminary estimated value of the IP backbone joint venture is US$6 billion (HK$46.8 billion).

However, the value does not reflect all the favourable factors, such as the complementary effect and cost savings.

Mr Arena also said that PCCW and Telstra will maintain a 50 pct stake each in the joint venture.

In addition, he said that PCCW will continue to develop its submarine cable business, but gave no details.
(End)

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Techpacific kauft PCCW-Einheit Spike Cyberworks

Techpacific.com, ein Hongkonger Investor der in Internet Start-Ups investiert, gab heute bekannt, dass er 21,5 Mill A-$ (87,3 Mill HK-$) in Cash und neuen Aktien für den Kauf von 51 % von Spike Cyberworks aufwenden will. Das Unternehmen will erst 30 % des e-Service Providers von PCCW für 10,5 Mill A-$ erwerben. Dieser Betrag soll in Form von neuen Aktien an PCCW gezahlt werden. Der Preis für die neuen Aktien steht allerdings noch nicht fest. Weiter wird Techpacific noch für 11 Mill A-$ neue Aktien von Spike Cyberworks zeichnen, um so den Anteil bis auf die besagten 51 % zu erhöhen.

Techpacific erhofft durch den Erwerb seinen e-Service-Arm zu stärken. Hier ist man bereits mit der Firma tp Factor tätig. Außerdem hofft man von der Erfahrung von PCCW auf dem Technologie-Sektor zu profitieren.

Im Juni beschloßen die australische Internet-Firma Spike und PCCW bei der Web-Entwicklung und beim Web-Desgin zusammenzuarbeiten. PCCW kaufte einen 5 %-Anteil an Spike und einen 30 %-Anteil an Spike Cyberworks für 15 Mill A-$.
-js- 29.11.00 06:35:00

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PCCW-Tochter iLink verschiebt IPO am GEM

Die "Hong Kong Economic Times" berichtete heute, dass der Daten-Center-Operator iLink, der zu 41 % in den Händen von PCCW ist, sein geplantes IPO am GEM verschieben wird. Als Grund nannte die Zeitung die schlechte Lage für Technologie-Firmen auf den Weltmärkten. Ein Listing-Anhörung des Unternehmens und der Konsortialbank BNP, das ursprünglich gestern stattfinden sollte, wurde abgesagt.

Billy Tam, CEO von iLink, demnetierte, dass die Listing-Anhörung gestern sein sollte und sagte die IPO-Vorbereitungen laufen nach Plan. iLink habe bisher noch keinen Zeitplan für den Gang an die Börse herausgegeben, deswegen könne man auch nicht sagen, dass sich das Listing verschiebe.

Das Unternehmen habe momentan 160 Mill "cash on hand" und einen monatliches Zinseinkommen von 1 Mill HK-$. Aus diesem Grund benötigt das Unternehmen zur Zeit nicht dringend Kapital von der Börse.
-js- 29.11.00 07:01:00

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PCCW mit neuem Logo

PCCWs Vize-Chairman Alex Arena hat heute angekündigt, dass PCCW in Zukunft ein neues Logo verwenden wird. Die Investitionen in das neue Logo sind limitiert. Die Umstellungsphase soll mehrere Monate dauern. Das neue Logo soll die Energie und die zukünftige Entwicklung der Internetunternehmung widerspiegeln.

Vielleicht hilft es dem Kurs, denn ein bißchen Energie könnte das Papier an der Börse sehr gut gebrauchen. Die Aktie gibt abermals nach. Momentan notiert man mit 5,25 HK-$, das sind 20 Cents tiefer als gestern. Vor allem die schlechten Vorgaben von der Nasdaq und die Zurückstufung der japanischen Telekommunikationsgiganten NTT und NTT DoCoMo von Standard & Poors lassen Druck auf den Wert aufkommen.
-js- 29.11.00 07:47:00

[[b][i]@FLAGSHIP(/b][/i]]

Aber Hallo,
immer nur Fragen über Fragen, doch die Antwort weiß nur der Wind!
MFG @FLAGSHIP

Techpacific übernimmt PCCWs Spike CyberWorks

Der Investor in Startup Untenehmen techpacifc wird 51% an Spike Cyber Works übernehmen. Dazu wird man den 30% Anteil von PCCW per Ausgabe von neuen Aktien im Wert von 10,5 Mio. Aus$ kaufen und die restlichen 21% über eine Kapitalerhöhung von Spike, die man voll zeichnet, bekommen. Damit wird PCCW eine der wichtigen Anteilseigner von techpacific.com, worüber sich der CEO von techpacific sehr freut. (sb)

© Emerging Markets Research, 29.11.00
http://www.em-research.de


IP Backbone PCCWs ungefähr 6 Mrd. US$ wert

Alex Arena, der Vize CEO von PCCW, sagte, dass seine Firma den ungefähren Wert des Internet Protocol Backboe Jointventure mit Telstra bei rund 6 Mrd. US$ sehe. Jedoch sei in dieser Zahl nicht zusätzliche positive Faktoren wie Kosteneinsparungen und volle Serviceabdeckung berücksichtigt.

Des weiteren plant PCCW 40-50 Unterseekabel an das IP Backbone JV abzugeben. Dies würde aber nichts an der Gewichtung der Anteile in dem Jointventure ändern. Man plane das Geschäft weiter nach Singapur, Taiwan, Thailand und Japan zu expandieren. Nach dem IPO will PCCW /Telstra immer noch mehr als 50% der Anteile halten.
(sb)



PCCW: Telstra Finanzvorstand tritt zurück
Der Finanzvorstand der australischen Telstra Corp. ist heute nach Angaben des Unternehmens nach seiner siebjähriger Tätigkeit zurückgetreten. Diese könnte auch Einfluss auf die Projekte mit PCCW haben, denn die Analysten sind sich einig, dass Paul Rizzo, der Noch-Finanzvorstand bei Telstra, eine hohe Ausgabendisziplin bei Telstra einführte und dies auch auf die PCCW JVs übertragen hätte werden können. Der Schritt kommt nicht so ganz überraschend, denn Rizzo verlor erst vor ein paar Monaten den Kampf um den CEO Sitz bei Telstra. Nun wird Rizzo Direktor der Melbourne Business School.(sb)




Zeichnet C&W doch alle PCCW Bezugsrechte?

Der Vize Vorstandsvorsitzende von Pacific Century CyberWorks Alexander A. Arena geht davon aus, dass Cable & Wireless alle Bezugsrechte, die sie bekommen haben, zeichnen wird. Er wollte nicht sagen wie viel Anleger schon die Bezugsrechte ausgeübt haben. (sb)




Hebt PCCW die Festnetzgebühren an?

Alex Arena der Vize Vorstandsvorsitzende von PCCW hat sich heute zu Spekulationen um die Festnetzgebühren in Hongkong geäußert. Danach sagte er, dass sich die HK Telecom wegen der Rezession und dem Preiskampf bei IDD Diensten mit Gebührenerhöhungen zurückgehalten habe. Jedoch wollte er sich nicht zu der Frage äußern, ob die Gebühren erhöht werden. Er meinte nur, dass sich HKT nicht immer zurückhalten könne. (sb)

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PCCW u.Telstra bringen bis zu 50 Unterseekabel ein

PCCW sagte, dass PCCW und Telstra zusammen 40 bis 50 Unterseekabel haben. Diese sollen in das IP-Backbone-Joint Venture eingebracht werden. Aber eine endgültige Entscheidung darüber wurde noch nicht getroffen. Die Kabel werden aber keinen Einfluss auf die Beteiligungsverhältnisse haben. Weiter sagte Arena, Vize-Chairman von PCCW, dass man das Geschäft des Joint Ventures nach Singapore, Taiwan, Thailand und Japan ausdehnen möchte. Die Bewertung mit 6 Mrd US-$ spiegele nicht den wahren Wert der Backbone-Unternehmung wider. Im Zuge des geplanten IPO in einiger Zeit wird man jedoch das Unternehmen neu bewerten müssen.

Außerdem äußerte er sich heute zum Telekom-Geschäft von PCCW. Man könne nicht immer die lokalen Telefongebühren auf diesem niedrigen Niveau halten. Ursprünglich plante man eine Erhöhung von 90 auf 100 HK-$ im Monat ab dem Jahr 2001, diese verschob man aber wegen den wirtschaftlichen Turbulenzen.
-js- 29.11.00 10:08:00

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Telstra Chef Paul Rizzo tritt zurück

Telstra Corp. hatte heute bekannt gegeben, dass Paul Rizzo, Chief Financial Officer von Telstra, nach 7 Jahren bei Telstra nun sein Amt ablegen möchte.

Angesichts der beabsichtigten Strategie der Expansion in Asien benötigt Telstra Gelder. Bereits im nächsten Jahr sind Mobilfunklizenzen zu ersteigern und dafür muss Telstra einige Gelder flüssig halten. Der steigende Wettbewerb in Australien hatte die Umsätze von Telstra schrumpfen lassen. Deshalb die Expansionsabsichten.

Rizzo hatte einige Aufgaben der Finanzierung übernommen. Einerseits wurden 34 % der Arbeitskräfte abgebaut, andererseits ist Rizzo auch verantwortlich für das schnelle Voranschreiten der Verkäufe der Regierungsanteile der Telstra- Papiere.

Rizzo nannte als Grund für den Rücktritt einen Wunsch nach Wechsel des Berufs. In Melbourne Business School wolle er Unterricht geben. Nach Gerüchten gab es jedoch auch Unstimmigkeiten im Direktorboard über die Auswahl der Investitionen in Asien, die Rizzo zum Rücktritt bewegt haben könnten.
-fjs- 29.11.00 09:57:00

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Wednesday, November 29, 2000
TELECOMS
IP joint venture listing within 15 months
BEN KWOK

Pacific Century CyberWorks` Internet protocol (IP) backbone joint venture with Australia`s Telstra is expected to be listed within 15 months.
Telstra treasurer Cliff Davis said the joint venture would take a year to merge the IP units of CyberWorks and Telstra and stabilise earnings.

The venture would also work on getting a credit rating - a process likely to take another three months, he said.

CyberWorks and Telstra plan to inject more than 90 per cent of their offshore IP backbone networks within three years.

Yesterday, news reports suggested the joint venture combining most of their landing rights and facilities would not include Telstra-controlled Australia-Japan cable and CyberWorks` chairman Richard Li Tzar-kai`s Pacific Century Matrix, a joint venture between DaimlerChrysler and Pacific Century Group.

Analysts said the Hong Kong-Australian IP venture, if listed, could achieve a valuation of more than US$10 billion after both companies agreed to inject IP assets worth more than US$6 billion.

Bankers in yesterday`s US$2 billion loan roadshow said the joint venture, which claims to be the second-largest IP company in Asia, had an aggressive target.

"It aims to capture a 20 per cent to 25 per cent market in Asia and become one of the top 10 international carriers," a banker said.

"But we have to wait and see how the actual business works and frankly - we do not quite get it."

Bankers said management of the joint venture had approached 15 Australian banks and was expected to get a warm response from a syndicate lead-arranged by Chase Manhattan and Barclays Capital.

Meanwhile, CyberWorks said executive directors had taken up their full entitlements under the company`s recent rights issue - to a combined one million shares.

Deputy chairman Francis Yuen Tin-fan took up 5,100 extra rights shares to take his holding to 480,000 shares, while fellow deputy chairman Peter To took up an extra 144,000 rights shares to take his stake to 300,000 shares.

The rights issue, out to raise US$530 million and closing today, has been fully underwritten by Mr Li.

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Spike Networks’ PCCW JV gains $11m injection

November 29, 2000
Spike Networks Ltd (SPK), Pacific Century CyberWorks (PCCW) and Hong-Kong listed techpacific.com Ltd today jointly announced that they have entered into a heads of agreement regarding Spike CyberWorks Ltd, a digital services business operating in Australia, Japan and Hong Kong.

Part of the agreement will include an $11 million injection into Spike CyberWorks by techpacific.com on the completion of the proposed transaction. Also, techpacific.com will acquire the 30% shareholding in Spike CyberWorks presently owned by PCCW. In consideration for this part of the transaction, PCCW will receive new shares of techpacific.com and thereby will maintain an indirect interest in Spike CyberWorks.

Also, as part of the agreement, techpacific.com will simultaneously increase its shareholding in Spike CyberWorks to 51% by subscribing for the appropriate amount of newly issued shares of Spike CyberWorks.

The agreement is non-binding being subject to completion of due diligence and the obtaining of any necessary regulatory and other approvals.

Johnny Chan, Chief Executive Officer of techpacific.com said: "We have been exploring ways to grow our e-services business both organically and by acquisition. The proposed deal with Spike CyberWorks, which has a strong presence in the promising Australian and Japanese markets, will serve as a platform to significantly scale our business regionally and allow us to gain immediate access to a region wide multinational client base.”

John McGuigan, Executive Chairman of Spike, stated that: "The involvement of techpacific.com as a shareholder in Spike CyberWorks, with the consequential injection of additional capital into the company is an extremely positive step in allowing Spike CyberWorks to continue to build the leading digital services business in Asia."

At 1015 AEST Spike shares were 7c, or 50% higher at 21c.

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Cyberworks to sell 30 pct stake in Spike Cyberworks jv to techpacific.com
Nov 29 2000 10:32AM

(afx) -- Pacific Century CyberWorks Ltd has signed a non-binding 11 mln aud contract to sell its 30 pct stake in the Spike Cyberworks joint venture to Hong Kong-based techpacific.com Ltd, Spike Networks Ltd said in a statement.
"11 mln aud (44.7 mln hkd) will be injected into Spike CyberWorks by techpacific.com on the completion of the proposed transaction," the statement said.

Techpacific.com will issue new shares to Cyberworks as consideration for the deal, and subsequently increase its shareholding in Spike CyberWorks to 51 pct by subscribing for new shares in the joint venture.

Cyberworks retains its stake in Spike Networks as well as an indirect interest in the joint venture through its new relationship with techpacific. com, the statement said.

Spike executive chairman John McGuigan said the injection of cash into the joint venture will enable it to continuing expanding the digital services business throughout Asia.

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PCCW to quit stake in Spike Networks
BY ELI GREENBLAT
Thursday 30 November 2000

Telstra`s Asian partner, Pacific Century CyberWorks, will quit its main investment in Spike Networks, selling its 30 per cent stake in the Spike CyberWorks joint venture to a Hong Kong-listed tech fund.

techpacific.com, which specialises in venture capital and Asian-focused technology companies, will become Spike Network`s new partner in the joint venture and will eventually move to 51 per cent control of Spike CyberWorks.

Investors gave their seal of approval to the deal, sending shares in Spike Networks up more than 50 per cent before they closed up seven cents at 21 cents. Richard Li`s PCCW initially bought the 30 per cent slice of the Spike CyberWorks joint venture vehicle for $9million in June, and has crystallised a loss of millions of dollars on yesterday`s sale to techpacific.com.

Under the terms of the deal, PCCW will receive a parcel of shares in techpacific.com roughly equating to 5 per cent of its issued capital. PCCW also bought a 5 per cent stake in Spike Networks in June and Spike Networks chairman John McGuigan said he was confident PCCW would remain on the share register.

techpacific.com has won approval from the Spike board to move eventually to 51 per cent control of Spike CyberWorks, wrenching control of Spike`s last remaining key asset.

Spike CyberWorks is the company`s digital services business, with operations in Japan, Hong Kong and locally.

At the annual meeting this week, Mr McGuigan touted the joint venture as the jewel in Spike`s crown. He told shareholders that Spike CyberWorks had been repositioned as a leader in the region and would be cashflow break-even by the 2001 June quarter.

Mr McGuigan said there were deals in place regarding the management and operation of Spike CyberWorks and that even though techpacific.com would have a commanding 51 per cent stake, Spike Networks would still play an active role in running the joint venture.

Yesterday`s agreement with techpacific.com is non-binding, being subject to completion of due diligence and obtaining any regulatory and other approvals.

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PCCW still chasing gold at end of rainbow
Staff reporter and Bloomberg

PACIFIC Century CyberWorks (PCCW) (0008), the worst performing stock on the Hang Seng Index this year, is using the colours of the rainbow to help repair its corporate image.
Asia`s No2 Internet company yesterday released a new logo using a lopsided grid of six boxes, in colours ranging from tangerine to aqua, a design it says shows what the company is all about.
``The letters and design combine to symbolise our corporate attitude: strength, solidity, security and continuous growth,`` Richard Li Tzar-kai, Cyberworks chairman, said in a statement.
The new look may not be enough to win back investors who have been waiting for the company to deliver on its promises of growth after it spent US$28 billion (HK$218.4 billion) buying Cable & Wireless HKT earlier this year. Its shares have declined more than 70 per cent this year.
Investors have lost confidence in the company. Even after Cyberworks secured a US$4.7 billion loan to help repay US$9 billion it borrowed to pay for the acquisition of the Hongkong Telecom, the shares are still falling. Yesterday, they lost 5.5 per cent to close at HK$5.15.
The new look may not be the panacea the company needs.
``Companies that spend a lot of time on their brands usually have more problems than they admit to,`` said David Webb, editor of Webb.site.com.

Cyberworks says its colour guide, utilising six different hues, ``captures the spectrum`` of its overall business, ranging from fixed-line phones in Hong Kong to its ailing Network of the World television service.
``I don`t understand how they`ll use two more colours than a Windows logo to try to get investors back,`` Chris Cheung, an analyst at Worldsec International, said. ``They have had a hard time communicating these sort of abstract concepts.``
So, how much will the logo and rebranding cost?
PCCW HKT managing director, Roy Wilson, said he could not disclose the price nor details of the contract. But industry sources said the price tag for a rebranding exercise would run into many millions of dollars.
One source said the rebranding of Hongkong Telecom to Cable & Wireless HKT about 18 months ago cost around $100 million.
In September PCCW appointed the international design group, Interbrand, to develop a global corporate identity programme for the group.
Interbrand, one of the world`s leading image-branding firms, is renowned for creating image programmes for MasterCard, BMW and Schweppes.
``With its vast experience and knowledge in branding strategy, Interbrand is the ideal partner to help project a strong corporate identity that best demonstrates our strengths and global reach,`` Mr Wilson said at the time.
30 November 2000 / 02:01 AM

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Stock Business News
techpacific Plans To Take Half of PCCW JV
By Sheila Lam
Reporter, asia.internet.com

[November 29, 2000--HONG KONG] Internet investment and incubator techpacific.com [8088 HK] Wednesday entered a non-binding agreement to acquire 51 percent interest of digital service provider Spike CyberWorks, a joint venture of PCCW [0008 HK] and Australia`s Spike.

Under the agreement, techpacific will acquire 30 percent in Spike CyberWorks, currently owned by PCCW through issuing new shares. The issue is approximately 4.5 percent of the company`s existing share capital with a total value of HK$42.6 million (US$5.48 million).

techpacific will also subscribe HK$30.5 million (US$3.92 million) worth of new shares in Spike CyberWorks to increase its holdings to 51 percent. In addition, the company will pay HK$14.2 million (US$1.83 million) into Spike CyberWorks for the extinguishment of any outstanding obligations in the shareholders` agreement between PCCW and Spike. The total consideration of the transaction is expected to be HK$87.4 million (US$11.23 million).

Spike CyberWorks is a joint venture formed in June, owned 30 percent by PCCW and 70 percent by Spike Networks. The JV was expected to provide opportunities to leverage PCCW`s relationship with its partners, including CMGI and Telstra, as well as to allow an early mover experience in the adoption of broadband and wireless technologies.

Spike CyberWorks developed and deployed digital solutions for clients in Sydney, Tokyo and Hong Kong. It has developed and maintained over 600 corporate and institutional Web ventures, online publishing systems, information management systems and intranet and extranet applications.

techpacific stated the acquisition is expected to strengthen its e-service arm, tp Factory. The strong presence of Spike CyberWorks in Australia and Japan is expected to serve as a platform for the company to scale techpacific`s existing e-services business regionally and provide immediate access to these regions.

The actual acquisition is subject to the completion of due diligence and the obtaining of any necessary approvals. Upon satisfaction, the acquisition is expected to be completed by December 31, 2000.

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PCCW: iLink und Powerbase fusionieren nicht

Der CEO von iLink Billy Tami, ein Daten-Center-Betreiber zu 41 % im Besitz von PCCW, sagte, dass iLink und die PCCW-Einheit Powerbase, auch ein Daten-Center-Betreiber, nicht fusionieren werden, weil beide Unternehmen ihre eigene Business-Strategie haben. Einen Zusammenschluß in weiterer Zukunft konnte er jedoch nicht ausschließen.

iLink plant Daten-Center in Guangzhou, Shenzhen, Singapore und Taiwan. Jeder dieser Center erfordert Investitionen von über 100 Mill HK-$. Erst vorgestern eröffnete man den ersten Center in Peking.
-js- 30.11.00 09:28:00

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PCCW und Starhome: globaler Nummern-Service

PCCW will zusammen mit Starhome, ein internationaler Mehrwert-Roaming-Service-Provider, den ersten globalen Telefonnumer-Service in Hongkong anbieten. Die Telefonnummer der teilnehmenden Unternehmen werden an den ersten drei bis fünf Stellen durch die Anfangsbuchstaben der Unternehmen ersetzt. Übersee-Mobilfunknutzer können sich dann durch die Eingabe der Buchstaben in ein GSM-Telefon verbinden lassen.

Der neue Service soll erst in Hongkong gestartet werden. Später soll er auf ganz Asien ausgweitet werden. Im nächsten Jahr will man ihn dann auch in Europa anbieten.
-js- 30.11.00 10:21:00

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PCCWs Mobilfunknutzer-Zahl stagniert

PCCW ist mit seinen etwa 1 Million Mobilfunkusern unter drei verschiedenen Markennamen die Nummer zwei in Hongkong. Ein Fünftel davon sind Pre-Paid-Kunden. Damit konnte PCCW keinen Zuwachs bei den Mobilfunkkunden erzielen. Bereits vor sechs Moanten hatte man die gleiche Anzahl von Nutzern. Allerdings weis man nicht, wie groß damals der Anteil der unattraktiveren Pre-Paid-Kunden war. Durchschnittlich bringt jeder Kunden PCCW 400 HK-$ Umsatz.

Ob PCCW sich an der Mobilfunkauktion in Singapore beteiligt, ist noch nicht entschieden. Auch zur möglichen Übernahme eines Anteils von SmarTone wollte man sich nicht äußern.

PCCW gehört heute mit einem Minus von fast 6 % auf 4,85 HK-$ zu den größten Verlierern im Hang Seng.
-js- 30.11.00 10:58:00

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15:28 30-NOV-2000
PCCW participation in Singapore 3G auction still undecided

President Hurbert Ng of Mobile Communications Service at Pacific Century CyberWorks (PCCW) (0008-HK) said that although there are reports that Cable & Wireless plc intends to dispose of a stake in Great Eastern, a joint venture company between PCCW and Cable & Wireless, he has not received any terms from Cable & Wireless.

PCCW is now considering the need to acquire more shares in Great Eastern.

When asked if PCCW would compete for the Singapore 3G licence, he said it all depends on the joint venture company.

On the news that British Telecom intends to dispose of its SmarTone (0315-HK) stake, he declined to say if PCCW will buy the stake.

As to the global digital service launched today, he said that the service is now serving more than 50 regions/countries and subscribers only need the service when they are abroad and it should not be confused with their local telecommunications service.

Currently, PCCW has about one million subscribers using its three mobile phone brands and the average monthly payment of each subscriber is about $400.
(End)

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16:06 30-NOV-2000
PCCW, starhome launch worldwide number service

PCCW (0008-HK) has joined hands with international roaming value-added services provider starhome to offer worldwide number services in Hong Kong.

Telephone numbersof the participating companies will be replaced by the first three to five letters of the name of the company.

Users of overseas mobile phones can connect with the participating company by keying in the English letter code of the company through GSM mobile phones.

The services will be first launched in Hong Kong and then will extend to Asian regions and Europe next year.
(End)

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PCCW und Starhome entwickeln weltweiten Nummern-Service

Pacific Century Cyberworks wird zusammen mit dem Roaming-Service-Provider Starhome einen Service für weltweiten Telefonnummerservice entwickeln. So ist der Teilnehmer durch die Ersetzung der Telefonnummer durch die ersten drei bis fünf Buchstaben des Namens auch aus Übersee erreichbar. Der Service wird erst in Hong Kong gestartet werden, in weiteren Regionen Asiens und Europa nächstes Jahr. (sp)

© Emerging Markets Research, 30.11.00
http://www.em-research.de

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Pacific Century CyberWorks Mobility Services and star*home launch unique World Wide Number (WWN) service


Hong Kong rollout represents first global deployment of revolutionary service - international travellers need only dial a company`s name

Hong Kong, 30 November 2000 -- Pacific Century CyberWorks (PCCW) Mobility Services, a Hong Kong mobile communications leader, has teamed up with star*home, a pioneer in the field of global value-added services for international travellers, in the world-first launch of the World Wide Number (WWN) service.

This unique abbreviated dialling service, which goes live for the first time in Hong Kong today, enables mobile users travelling in Hong Kong to contact any participating company just by tapping the company`s name on to a GSM mobile phone keypad.

"We are always striving to provide innovative and user-friendly value-added services to serve the needs of international travellers," said Hubert Ng, president of PCCW Mobility Services. "PCCW is pleased to be the first mobile operator in the world to provide the WWN service in Hong Kong. The new revolutionary service will offer even greater convenience to international travellers roaming on our network."

WWN eliminates language barriers, the hassle of memorising numbers and access codes, searching for toll-free numbers, checking the area and country codes or dialling information services.

"In today`s global business environment, mobile phone users are key consumers of international travel services," said Carmel Sofer, chief executive officer at star*home. "The new WWN service is a revolution in dialling that lets international travellers dial in an easier, more associative way. Instead of memorising meaningless numbers, travellers can contact companies quickly and easily from their mobile phones. This enables any traveller to contact global corporations by dialling the company`s name."

The WWN provides the first three-to-five letter abbreviation of the company name. This replaces the customer service telephone number. For example, instead of remembering the service hotline number for "MasterCard" in Hong Kong, travellers being connected to PCCW Mobility Services` network simply need to dial "MASTE" (on the numerical keypad - 62783) and they will be automatically connected to the service hotline of MasterCard in Hong Kong. Apart from MasterCard, other participating corporations include AVIS ("AVIS"), British Airways ("BRITI"), the Hong Kong Tourist Association ("HKTA") and Shangri-La Hotels ("SHANG").

The WWN service has been launched initially in Hong Kong with plans over the next year to expand on to the Asia Pacific and European regions. Eventually it will become a global mobile value-added service. Customers will then be able to enjoy this service around the world by being connected to various service departments in the countries in which they are travelling.

About PCCW Mobility Services

Pacific Century CyberWorks Mobility Services is part of the PCCW`s Global Communications Sector, and is a pioneer in the mobile communications market in Hong Kong. Combining technical and engineering excellence with an in-depth understanding of the local market, it translates advanced technologies into customised mobile solutions that meet the needs of different market segments. The Company is acknowledged as the first in Hong Kong to employ a distinctive market segmentation strategy by marketing its services through its three mobile brands: 1010, One2Free, and "1+1" Communications. Quality, innovation and value are the commitments delivered to all mobile customers through these three brands. The Company launched its mobile services early in 1983 and today operates a high-quality GSM/Dual Band and a TDMA mobile network. For more information, please visit www.pcg-group.com

About star*home

star*home enables mobile operators to deliver enhanced services to international travellers worldwide. star*home provides its innovative services via its private global IP network and IntelliGateTM platforms. Connecting both GSM and non-GSM networks, star*home allows mobile operators to globalise their "home" value-added services for their roamers. Conveniently billed to subscribers` mobile accounts, star*home`s enhanced services enable mobile operators to increase airtime, build market share and reduce customer churn.

Founded in 1998, star*home is an affiliate of Comverse Technology Inc. (Nasdaq: CMVT). Comverse Technology, headquartered in Woodbury, New York, designs, develops, manufactures and markets computer and telecommunications systems and software for communications and information processing applications. Comverse is an S&P 500 and Nasdaq 100 Index company. Leveraging the technological and market leadership of its parent company, star*home is poised to become the leading service provider of global enhanced services for mobile operators and their roaming subscribers.

For additional information, visit star*home`s Web site at www.starhome.com

Issued on behalf of star*home and PCCW Mobility Services by Euan Barty Associates

For further information please contact:
Shiri Darie (star*home): (972) 3 7655958
(Email: [e-mail])
Michelle Au (PCCW Mobility Services): (852) 2883 3626
(Email: [e-mail])
Dana Urmonas/ Pamela Wan (EBA): (852) 2537 8022
(Email: [e-mail]/ [e-mail])

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09:36 01-DEC-2000
PCCW (0008-HK) 78.9 pct shareholders accept rights issue

PCCW announced yesterday that 78.9 pct of the group`s shareholders, including the major shareholder, Pacific Century Regional Development Ltd (PCRD), have accepted the rights shares. However, it was not disclosed whether other major shareholders, such as Cable & Wireless, China Telecom and the Tracker Fund Of HK (2800-HK), accept the rights shares or not.

The major shareholders of the group, such as PCRD, were the underwriters of the rights issues. Under the rights issue agreement, they would subscribe for the remaining 135 million unsubscribed shares which represented 21.1 pct of the total number of shares issued - .approximately $876 million in value based on the $6.50 rights issue price.

In addition to the $243 million rights issue, the major shareholders will pay about $2.46 billion. Consequently, the shareholding interest of the major shareholders in the enlarged issued share capital of the company will increase from 38.2 pct to 38.8 pct.
(End)

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10:36 01-DEC-2000
PCCW (0008-HK) shares rebound to $5.10

Pacific Century CyberWorks (PCCW) posted a surprising 80 pct subscription rate for its rights share issue.

Although the stock dropped further to a new low at $4.725 shortly after the market opened, it made a comeback by 5.15 pct to $5.10 later as the market rose.
(End)

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Friday, December 1, 2000

PCCW shares dive

BEN KWOK and HUI YUK-MIN
Pacific Century CyberWorks` (PCCW) share price fell below HK$5 for the first time since its merger with Cable & Wireless HKT, as shareholders continued to show a lack of confidence in the company.
The counter finished at HK$4.85, down 5.8 per cent on the day and 68.4 per cent since August 17, when the HKT takeover was completed.

Since the merger, HK$223.6 billion of market capitalisation has been wiped out.

"The counter has been underperforming almost every day since the takeover," said John Lai, chief investment officer at Nikko Global Asset Management.

"Some market talk has it that Mr [Richard] Li wants the share price to weaken, which would further drive funds away."

Brokers said after the adjustment of the Hang Seng Index yesterday, CyberWorks accounted for 2.96 per cent of the indicator`s weighting, down from 3.25 per cent.

"From a fund manager`s point of view, CyberWorks` weighting in the Hang Sang Index is so small . . . that fund managers can effectively neglect it," Vickers Ballas Hong Kong sales director Steven Leung Wai-yuen said.

However, CyberWorks` share fall yesterday was partially fuelled by the overall lack of investor enthusiasm that pulled down the blue-chip index 1.3 per cent to below 14,000 points for the first time since May. The index finished at 13,984.39 points.

Poor market sentiment was also a reason why only about two-thirds of CyberWorks` shareholders followed chairman Mr Li to subscribe to the rights issue.

CyberWorks said yesterday 78.9 per cent of its shareholders - among them Mr Li and his Singapore-listed Pacific Century Regional Development, which owns 38.2 per cent of CyberWorks - agreed to subscribe to shares.

Through this exercise, Mr Li will pick up about US$312 million worth of shares in the company - or an additional US$115 million to take up the unsubscribed shares - to bolster his personal stake to 38.8 per cent.

Although the response to this rights issue was still better than expected, only 995 valid acceptances of rights shares totalling 258.1 million were alloted.

This means the rights holders will take up an average of nearly 260,000 shares each.

Shares were offered at HK$6.50, or 34 per cent above yesterday`s closing price, with two attached warrants exercisable at HK$7.50.

After the subscription exercise and an injection of US$600 million two months ago in exchange for convertible bonds, Mr Li`s total investment in CyberWorks amounts to US$911 million.

Analysts said such strategic shareholders as Britain-based Cable & Wireless, China Telecom and the Government`s Tracker Fund were not believed to be involved in the rights issue.

"We are very happy - in fact, delighted - with the response to the rights issue," Mr Li said yesterday. "A very strong minority of public shareholders opted to subscribe. It showed that our investors continue to have confidence in us."

All top CyberWorks executives took up their full entitlements to a combined one million shares. Deputy chairmen Francis Yuen Tin-fan and Peter To, who pocketed more than HK$165 million in August by selling CyberWorks shares, took up about 200,000 shares for just HK$1.3 million.

CyberWorks` share price drop yesterday came a day after the company re-branded itself to reflect the "forward movement" and "solidarity" of the new business.

Brokers said institutional investors dumped CyberWorks shares after the counter fell below the HK$5 support level.

[Kersken]

PCCWs Teilnahme an Singapurer 3G Auktion noch nicht entschieden

Ein Sprecher von PCCW erklärte heute, dass die Teilnahme PCCWs an der Singapurer Auktion der Lizenzen für Mobilfunkgeräte der 3. Generation (3G) noch nicht entschieden sei. Genaue Gründe wurden nicht genannt; "es hängt alles von dem Joint Venture Unternehmen ab", so der Sprecher.

Der Termin für die Auktion wurde von Singapurs Telekommunikationsministerium nach vorne verlegt, die Auktion findet im Februar nächsten Jahres statt. (jf)

© Emerging Markets Research, 30.11.00
http://www.em-research.de

[Kersken]

PCCW: Erhöhung der Anteile an SmarTone und Great Eastern unsicher

Ein Sprecher von PCCW erklärte heute, dass die Teilnahme PCCWs an der Singapurer Auktion der Lizenzen für Mobilfunkgeräte der 3. Generation (3G) noch nicht entschieden sei. Genaue Gründe wurden nicht genannt; "es hängt alles von dem Joint Venture Unternehmen ab", so der Sprecher.

Der Termin für die Auktion wurde von Singapurs Telekommunikationsministerium nach vorne verlegt, die Auktion findet im Februar nächsten Jahres statt. (jf)

© Emerging Markets Research, 30.11.00
http://www.em-research.de

[Kersken]

PCCWs Mobilfunkkunden bei 1 Mio.

Wie heute berichtet wurde, hat PCCW eine Gesamtkundenzahl von etwa 1 Mio. im Mobilfunkbereich. Der Anteil der "Pre-Paid" Kunden liegt bei 20%. Die Wachstumsraten in diesem Bereich sind damit relativ schwach.

Wie wir berichteten gibt es außerdem seit längerem Gerüchte, dass PCCW einen großen Anteil an MobileOne erwerben möchte. Durch die anstehende 3G Auktion in Singapur werden diese Gerüchte natürlich interessant. Sprecher äußerten sich zu dem Thema weiterhin nicht, "PCCW habe aber generell großes Interesse an dem Singapurer Telekommunikationsmarkt." (jf)

© Emerging Markets Research, 30.11.00
http://www.em-research.de

[Kersken]

Friday, December 1, 2000
MobileOne stake will be a `win-win situation`
BEN KWOK

Pacific Century CyberWorks will continue to have a say in MobileOne, a Singapore-based mobile-telephone operator, according to a company executive. Great Eastern, a holding company in which Cable & Wireless (C&W) has a 51 per cent stake and CyberWorks a 49 per cent stake, owns a controlling 30 per cent of MobileOne.
However, C&W, which owns 14.2 per cent of CyberWorks, has indicated it may divest some of the company`s holding in MobileOne, spurring concern among analysts that the fate of Great Eastern`s MobileOne stake was being determined by C&W.

Analysts said this could pose a problem for CyberWorks, which has indicated that its Great Eastern stake could be acquired by its joint venture mobile-telephome operation with Telstra of Australia.

However, CyberWorks president Hubert Ng Ching-wah yesterday said majority control of Great Eastern was "not an issue".

"Cable & Wireless will consider our intentions in MobileOne, and after all, we want to achieve a win-win situation" for all parties, Mr Ng said.

[Kersken]

14:57 01-DEC-2000
PCCW (0008-HK) shares surges 11 pct in afternoon

PCCW shares rose sharply in the afternoon to a high of $5.40, up 11 pct under the influence of telecom heavyweight China Mobile, which has been a gainer.

PCCW shares rebound near 15 pct compared with an early low of $4.725.

The Hang Seng Index was boosted over 400 pts.
(End)

[Kersken]

78,9 % der Bezugsrechte von PCCW ausgeübt

Das Bezugsrechte-Angebot von PCCW ist zu 78,9 % ausgeübt worden. Vor allem der Hauptaktionär PCRD übte die Bezugsrechte aus. Welcher weitere Großaktionäre, wie zum Beispiel C&W, China Telecom und der Tracker Fund, die Rechte ausübte, ist nicht bekannt.

PCRD muß wie vereinbart nun auch die restlichen 21,1 % der nicht gezeichneten Rechte ausüben. Dies sind weitere 134 Mill Papiere, die man für 6,50 HK-$ je Aktie erwerben muß (insgesamt 876 Mill HK-$). Durch diesen zusätzlichen Kauf wird der Anteil von PCRD an PCCW von 38,2 auf 38,8 % anwachsen.

Im Oktober bot PCCW seinen Aktionären an für je 1000 gehaltene Papiere 30 neue für 6,50 HK-$ zu zeichnen. Zusätlich bekam für jedes neue Papier noch zwei Optionen mit einem Basispreis von 7,50 HK-$ hinzu.
-js- 01.12.00 08:38:00

[Kersken]

PCCW Aktien mit Rebound

Nach Bekanntgabe der Zustimmung von 80 % der Aktionäre für eine zusätzliche Aktienausgabe stiegen die Aktien von Pacific Century Cyberworks (PCCW) auf 5.10 HK$. Nach den Tiefständen in den ersten Handelsstunden von 4.725 $HK bedeutet dies immerhin einen Anstieg von mehr als 5%. (msp)

© Emerging Markets Research, 01.12.00
http://www.em-research.de

[Kersken]

PCCW rights issue 78.9 pct subscribed
Dec 01 2000 10:39AM

Hong Kong, December 1 (AFX-ASIA) - Pacific Century CyberWorks Ltd said its 30-for-1, 000 rights issue was 78.9 pct subscribed.
PCCW`s major shareholders -- Pacific Century Regional Developments Ltd, Pacific Century Group and Pacific Century Diversified Ltd -- fully subscribed to the rights issue and almost 66 pct of all remaining rights were subscribed, the company said in a statement.

It said that as underwriters of the issue, the three major shareholders will subscribe for or procure subscribers for the remaining rights shares.

This will increase their combined stake in PCCW to 38.8 pct from 38.2 pct, the statement said.

"We are very happy -- in fact, delighted -- with the response to the rights issue," PCCW chairman Richard Li said in the statement.

"A very strong majority of public shareholders opted to subscribe. It shows that our investors continue to have confidence in PCCWs vision, strategy and management. When people who hold our stock were asked to show their support for the company, they did."

The rights issue of 637 mln shares was priced at 6.50 hkd a share. Each share came with two warrants attached exchangeable into PCCW shares at a price of 7.50 hkd a share.

PCCW shares closed Thursday down 0.30 at 4.85 hkd.

[Kersken]

CyberWorks` US$530m rights share offer 79% subscribed
By Bloomberg, Singapore.CNET.com
Friday, December 1 2000

HONG KONG--Pacific Century CyberWorks Ltd., Asia`s No.2 Internet company, said its US$530 million rights offer was 79 percent subscribed, leaving its chairman Richard Li to take up the remainder.
Richard Li and Pacific Century Regional Development (PCRD), which together control 38 percent of CyberWorks, have already paid HK$1.58 billion (US$202 million) to subscribe to 243 million shares they`re entitled to. They need to buy 135 million more shares at HK$6.50 each after they pledged to underwrite the entire offer.

CyberWorks last month asked shareholders to buy 637 million shares at HK$6.50 each, to raise US$530 million to reduce its debt. Although the company offered two bonus warrants for each right subscribed, the continuing slide of its share rendered the offer unattractive.

Together with the 258 million shares bought by minority shareholders, the rights offer has been 79 percent subscribed. Li`s private companies, Pacific Century Diversified Ltd, Pacific Century Group Holdings Ltd and PCRD will take up the remaining 21 percent of the offer.

The company`s directors also bought about 1 million shares.

CyberWorks shares have fallen by about 25 percent since the company unveiled the rights offer October 23. The shares fell 5.8 percent today to HK$4.85, its lowest closing price in about 15 months.

CyberWorks also sold US$1.1 billion of bonds to institutional investors and Li, who agreed to subscribe for US$500 million. Including the rights share offer, the company raised US$1.6 billion.

After the offer closes, PCRD will increase its stake slightly to 34.5 percent, while Richard Li`s private companies will raise their holding in CyberWorks to 4.3 percent from 4.2 percent.

BNP Paribas Peregrine Securities Ltd arranged the rights offer.

[Alldeingeld]

Wer glaubt hier noch Kohle machen zu können solls halt glauben. Ich hab schon so viel verloren, dass es auf den Rest auch nicht mehr ankommt. -No Risk no Fun !!!

[Spitzenperformer]

na schöne scheisse...

PCCW: Weniger als 200 Mio. US-$ für NOW

Wie Richard Li heute mitteilte, werden die Investitionen in B2C Aktivitäten wie NOW weniger als 200 Mio. US-$ jährlich betragen. Er fügte hinzu, dass man seit dem Start im Juni ca. 179 Mio. in NOW investiert habe. Richard Li merkte außerdem an, dass PCCW über 220.000 Breitbandkunden habe und der Break-Even für Ende des nächsten Jahres geplant sei.

Richard Li teilte außerdem mit, dass die Tochter Interactive TV innerhalb der nächsten sechs Monate neue Produkte launchen wird. (jf)

© Emerging Markets Research, 04.12.00
http://www.em-research.de