PCCW Neuigkeiten - 500 Beiträge pro Seite

[k2w]

21:35 26-APR-2000
PCCW <1186.HK> invests in U.S. online escrow firm

HONG KONG, April 26 (Reuters) - Hong Kong Internet firm Pacific Century CyberWorks (PCCW) has invested in California-based online transaction processing firm escrow.com, the U.S. Internet start-up said on Wednesday.

Along with four other investors, PCCW contributed an undisclosed amount to escrow.com`s "series C" third round financing, which amounting to a total of US$30 million, escrow.com said in a statement.

Japanese Internet investor Softbank Corp <9984.T>, Chase Manhattan Corp , business-to-business website operator VerticalNet Inc and MGEN Tech Fund I, a U.S. investment group, also contributed to escrow`s third round financing.

Escrow.com, a provider of online transaction management services, escrow and logistics tracking, was founded by Micro General Corp and Fidelity National Financial .

PCCW shares ended down 3.36 percent or HK$0.45 at HK$12.95 on Wednesday.

((Hong Kong Newsroom, [phone], fax [phone] [e-mail])) .

[NiLa]

Und....??? was bedeutet das?

[armonmuriel]

26.04.00/17:41(Quelle:www.infocastfn.com/cgi-bin/spframe.pl/cgi-bin/report5.pl?code=1186)


PCCW (1186) end-June launches NOW


(Infocast News) Alexander Anthony Arena, Managing Director of Pacific Century CyberWorks
(1186) (PCCW), said that the company has a good relationship with News Corp. and is now
looking for a content provider for "NOW" which is expected to be launched at the end of June.

He added that e-commerce will not be benefited when the content of "NOW" is solely
entertainment news or mainly movies. PCCW are looking for is purpose-produced content for the
internet. If News Corp. directs at this area, both parties will probably become cooperative
partners.

(26/04/00)

[4dot]

(Infocast News) PCCW (1186) announced yesterday to buy shares in a US internet company, Escrow.com. But the involved amount has not yet been disclosed.

The Company earlier raised 30 million US dollars by share placement. In addition to PCCW, Japanese Softbank and Chase Manhanttan Bank are also the shareholders of Escrow.com.

(27/04/00)

[winwish]

In I-Net stand heute folgende Info:
PCCW: Beteiligung an amerikanischem Internet Start-up; escrow.com. Neben PCCW hat sich auch Chase Manhattan, VerticalNet und der MGEN Tech Fund 1 an dem amerikan. Unternehmen beteiligt.
PCCW plant desweiteren zwei zusammen mit der australischen Telstra neu gegründete Unternehmen demnächst an die Börse zu bringen. Das eine sei eine Internet Protokoll Backbone Unternehmen, das andere ein lokales Mobilfunkunternehmen.
Quelle: yahoo-Finanzen, 27.04.00

[DeathAngel]

stand dort auch das softbank beteiligt ist? in dem schon geposteten artikel werden die nämlich auch erwähnt...

regards
DeathAngel

[nas.com]

na prima,

und nu erklär mir bitte warum dieses teil pausenlos fällt ???????

mfg

[armonmuriel]

18:11 / 27.04.2000 - Quelle:www.infocastfn.com/cgi-bin/spframe.pl/cgi-bin/report5.pl?code=1186

PCCW (1186) & CR form JV to create multi-media
Internet content


(Infocast News) PCCW`s (1186) subsidiary PCC Holdings will cooperate with Commercial Radio
to form a joint venture "PCC Skyhorse Holdings Ltd." in which PCC Holdings will has 60% stakes
and inject cash in that JV, while, CR will has 40% stakes in the JV.

The JV is mainly used to create multi-media Internet content for chinese over the world. Also, the
JV has Internet platform which can put CR`s past and future programmes online.


(27/04/00)

[armonmuriel]

09:42 / 28.02.2000 - Quelle:http://www.infocastfn.com/cgi-bin/newengframe.pl/./newdrive/…

Pac Century Ins(0065) invests $90M to explore
regional financial infomation


(Infocast News) Pac Century Insurance (0065) announce an agreement has been entered into with
an US company, Morningstar, to set up a joint-venture company, developing together financial
information business with holdings of 50.1% and 49.9% stakes shared by each party. Pac Century
Insurance will need to inject 12.02 million US dollars (around 93.55 million HK dollars) which will
be drawn from internal resources. Part of the guaranty will be shouldered by PCCW (0086).

The joint-venture company is proposed to have its name change to Morningstar Asia. The main
business will provide financial information services, including news of stocks, mutual funds and
limited funds as well as data analysis, through printed matters, computer software and Internet
products within region.

(28/04/00)

[4dot]

Guten Morgen,
damit sich die Infos mal auf einem Thread sammeln; hier nochmal:

1.Artikel
Friday, April 28, 2000

Tycoon Li`s $54b nets UK phone deal
SHEEL KOHLI in London and BEN KWOK


--------------------------------------------------------------------------------
Hutchison Whampoa won a fiercely contested auction for Britain`s "third-generation" mobile phone licences yesterday, at a cost of £4.38 billion (HK$53.9 billion).
The deal marks the biggest overseas investment by Li Ka-shing`s expanding conglomerate.

After an auction that threw the spotlight on Hong Kong`s own third-generation licensing plans, Hutchison and Canadian partner Telesystem International Wireless said they would spend up to £5 billion more to develop the new technology. Hutchison has a 90.1 per cent share in the joint venture.

The technology will allow consumers to use phones to gain access to the Internet, send e-mails, use built-in cameras, and handle vast amounts of data. Hutchison managing director Canning Fok Kin-ning said the third-generation phones would revolutionise telecommunications.

"This will be the latest and most exciting thing in our lives," he said. "Instead of calling up your boy and asking him how he is, you will be able to call him up and ask him why he has not combed his hair."

Hutchison said the investment in Britain would mark the beginning of expansion throughout Europe, where other countries were also planning auctions.

The auction, in which five licences were offered, generated £22.5 billion for the British Government, which plans to use the money to cut its national debt.

The vast sum has put pressure on Hong Kong`s telecoms regulator, the Office of the Telecommunications Authority (Ofta), to auction its third-generation licences.

But Ofta, which is holding a two-month consultation on the issue, has said it favours handing out the licences for free based on what has been dubbed a "beauty contest" of current operators.

Asked whether the Government might change its stance, Ofta director-general Anthony Wong Sik-kei said he preferred a beauty contest but Ofta would wait until consultations ended on May 22 before making a decision.

"The auction [in Britain] went quite high . . . and high auction prices might not be in the best interests of consumers," Mr Wong said, suggesting the cost of the licence could be passed on in the form of higher charges.

But Stephen Brown, head of research at Kim Eng Securities, said high licence prices would not necessarily mean high prices for consumers. He said the Government should let the market decide the value of the licences.

"I really think you`re mad if you give these things away on the whim of a civil servant who has no better clue as to how the market is going to develop than you or I," he said.

"The best compromise is to auction and let the industry decide what they`re worth. They are the experts."

Hutchison is tipped to win one of the four to six licences expected to be issued by Ofta. Winners will be announced later this year.

Hutchison`s Mr Fok said he believed methods other than an auction would best suit the local environment. "Operators would incur higher operating costs by auctioning," he said. "The cost would still eventually be transferred to customers in Hong Kong."

Hutchison is cash rich after the disposal of its 44.5 per cent interest in UK mobile-phone operator Orange to Germany`s Mannesmann, which was later taken over by Vodafone AirTouch. It retains a 3.5 per cent stake.

Hutchison ended up with a five per cent stake in Vodafone, but earlier this year sold 1.5 per cent in a deal that raised £3.2 billion.


2.Artikel

PCC, Commercial Radio to create multimedia content firm
By Eddie Chan

Apr 28, 2000 00:57 AM
PCC Investments, a subsidiary of PCC Holdings, and HCBC Enterprises subsidiary Commercial Radio Productions have partnered to develop a joint venture company called PCC Skyhorse Holdings. PCC Holdings is a subsidiary of Pacific Century CyberWorks. PCC Investments will hold a majority 60 percent equity stake in the new firm, while Commercial Radio owns the remaining 40 percent. Financial details of the deal were not disclosed.
PCC Skyhorse will develop online multimedia content aimed at the Chinese community, and take advantage of Commercial Radio’s exclusive right to broadcast its programmes on various Internet-based platforms. In addition, the company will create and expand Commercial Radio’s existing Internet initiatives, idclub.com, which boasts some 500,000 registered members, and crhk.com.hk. Content created by the joint venture would be distributed via PCC’s Network of the World (NOW), which will offer converged services such as interactive digital video and Web access. NOW is scheduled to rollout in July, and is targeting a potential audience of 130 million households in Asia.

“Our joint venture with Commercial Radio is one more piece in our strategy to develop compelling Internet content and to support its broadband distribution,” said CyberWorks chairman Richard Li. There is no plan or timeframe for Skyhorse to list on any stock exchange.

On a general level, PCC plans to invest up to US$1.5 billion over the next five years in developing content, and target to broadcast some 5,000 hours of content annually. Li said that while content is currently being created out of London, England production studios because of their ability to do so faster than in Hong Kong, the content will eventually be exported and localized for Hong Kong audiences and the rest of Asia.

Another similar content deal was made last year by CyberWorks and International Management Group, whereby its programming arm, Trans World International, will provide PCC with sports, lifestyle, business and technology content for NOW.

Whenever Li holds a press conference, regardless of the announcement made, questions were raised regarding the Cable & Wireless HKT merge, such as rumours of another competing bid by Singapore Telecom and the HKT deal even falling through.

“I’m not aware of any credible bid, I would have been notified by C&W, and as far as I know, they haven’t been informed of anything. I can only tell you what I know or am allowed to say. It’s because of a three-letter word – SFC,” Li said.

Ciao
4dot