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	Encyclopedia: PCCW
		PCCW was formed by Li Tzar Kai, Richard, the younger son of Hong Kong tycoon and billionaire Li Ka Shing.
		PCCW has been the object of much scorn in Hong Kong, since many residents are PCCW stockholders, as a result of the HKT purchase.
		PCCW announced the formation of wholly-owned subsidiary Cascade Limited at January 2003 and transferred almost a quarter of its total work force to Cascade.
	www.nationmaster.com /encyclopedia/PCCW (896 words)

	Pacific Century Cyberworks - Wikipedia, the free encyclopedia
		New report from the Sunday Times on 6 February 2003 revealed that PCCW made a preliminary takeover approach to Cable and Wireless on December 2002 as the Bristish company's share languished near record lows.
		Following the news report, PCCW issued a statement through the Hong Kong stock exchange on 6 February 2003 morning saying it had not made a formal offer for CandW and was not in takeover talks with the company.
		PCCW apologised on 10 February 2003 for making what were seen by some in the market as contradictory statements.
	en.wikipedia.org /wiki/PCCW (1066 words)

	CNN.com - Hong Kong's PCCW slashes 506 jobs - December 5, 2001
		PCCW chairman Richard Li said the company could not guarantee that there would not be further job cuts.
		PCCW said the job losses were part of a vast cost-cutting effort that will freeze wages and new hiring for the next year.
		PCCW said it would save HK$190 million (about $24 million) a year in salary and benefits as a result of the job cuts.
	edition.cnn.com /2001/BUSINESS/asia/12/05/hk.pccwjobcuts (329 words)

	PCCW's spring meeting (Site not responding. Last check: 2007-09-07)
		PCCW member Dana Friedman '73, of Bright Horizons Family Solutions, discussed how research can aid development of family policies on a panel that included Karen Davis, president of the Commonwealth Fund, and Aletha C. Huston, professor at the University of Texas at Austin.
		Levine announced that PCCW had completed raising funds for a $75,000 pledge for women's softball a year ahead of schedule, and that total giving to the university by PCCW members is now about $36 million.
		Her goal is "to tap the extraordinary talents of the women who are members of PCCW and to further the goals of PCCW, improving the professional opportunities for Cornell women faculty, staff and students," she said.
	www.news.cornell.edu /chronicles/4.19.01/PCCW_mtg.html (707 words)

	FT.com / By industry / Telecoms - PCCW returns to wireless with Sunday buy
		PCCW, Hong Kong's dominant fixed-line phone company, is set to return to mobile telephony after its chairman Richard Li on Monday said it planned to acquire the territory's smallest wireless operator for less than US$200m.
		PCCW aims to turn Sunday Communications into the most profitable operator by 2010, according to Mr Li, who was speaking on the sidelines of a conference in Hong Kong.
		PCCW has agreed to pay Sunday's two largest shareholders about HK$1.163bn (US$149m) in cash, or HK$0.65 per share, for their combined 59.9 per cent stake, according to the company.
	news.ft.com /cms/s/3938548c-dc1e-11d9-819f-00000e2511c8,_i_rssPage=3ad4cbfc-4761-11d8-81c6-0820abe49a01.html (462 words)

	CNN.com - PCCW inks $100M deal for TV network - January 2, 2002
		PCCW stock lost 54 percent of its value last year, making it the worst-performing stock in the Hang Seng index.
		PCCW said in a press release Wednesday that it will terminate its content deal with Trans World International (TWI) to make programs in London.
		PCCW would fund the content deal by issuing 175 million new shares, or what will be 0.765 percent of all its shares outstanding, to TWI at HK$2.15 each.
	edition.cnn.com /2002/BUSINESS/asia/01/01/hk.pccw.content.deal (528 words)

	CNN.com - PCCW admits C&W advances - Feb. 7, 2003
		PCCW at first denied it had bid on the company, then admitted it had made a failed approach to start talks
		PCCW is thought to have been considering a bid of £2.4 billion ($3.95 billion).
		PCCW shares closed down 1.65 percent at HK$5.95 on Friday, despite a 0.27 percent rise in the benchmark Hang Seng index.
	cnn.com /2003/BUSINESS/asia/02/07/hk.pccw (450 words)

	CNN.com - PCCW board gets massive 2000 payday - January 4, 2002
		PCCW -- full name Pacific Century CyberWorks -- was also the only company on the Hang Seng index to post a loss for the year 2000.
		PCCW doesn't match names to paychecks, though it is forced to reveal the amounts by stock-exchange rules.
		PCCW paid its directors 8-1/2 times the amount received by the board of bank HSBC, the biggest company listed in Hong Kong.
	archives.cnn.com /2002/BUSINESS/asia/01/04/hk.pccw.board.payout (558 words)

	PCCW wins HK Telecom - Feb. 29, 2000
		PCCW has taken out a $12 billion bridging loan to fund the cash element of the deal.
		SingTel, as the state-controlled firm is known, was reported to have offered similar terms to PCCW and brought in Rupert Murdoch's News Corp. as a partner in a bid to counter political opposition to HKT's acquisition by an overseas company.
		PCCW shares also were suspended at HK$22.15, capitalizing the company at HK$225.5 billion.
	money.cnn.com /2000/02/29/asia/hk_telecom (992 words)

	The Standard - PCCW returns to mobiles with $1.94b bid for Sunday - Top Stories
		Analysts cautioned, though, that PCCW may face heavy capital commitments to help Sunday roll out its third-generation (3G) mobile service, and this could accelerate the decline of its fixed-line business, where it is the market leader.
		PCCW's share of the fixed-line voice market in Hong Kong declined to 67 percent at the end of last year from 69 percent a year earlier, and revenues from telephony services fell 12 percent to HK$5.3 billion.
		PCCW has so far invested about US$50 million in its wireless broadband business in Britain, and said it was awaiting the outcome of a consultation exercise on mobile licensing by the Office of Telecommunications Authority in Hong Kong before launching similar services locally.
	www.thestandard.com.hk /stdn/std/Front_Page/GF14Aa02.html (776 words)

	The Standard - Deal makes PCCW ideal partner for Netcom: So - Business Section
		PCCW says its takeover of Sunday Communications makes it a natural investment partner for China Netcom, which hopes to win a license to provide third-generation (3G) mobile phone services in the mainland.
		On Tuesday, So said PCCW had no choice but to enter the mainland since the Hong Kong market is congested, with five fixed-line firms and six wireless companies bidding down prices.
		PCCW was one of the original wireless operators in Hong Kong through its former CSL unit.
	www.thestandard.com.hk /stdn/std/Business/GF15Ae01.html (586 words)

	PCCW to spend £21m on UK wireless broadband \| The Register
		Speaking to the South China Morning Post PCCW deputy chairman Jack So Chak-kwong said the cash would be used to establish up to 60 base stations in the UK although he declined to say exactly where or when.
		PCCW has so far spent $40m (£21m) on establishing a wireless broadband network in the Thames Valley serving some 300,000 homes.
		Last week PCCW hit back at reports that it isd scaling back plans for a nationwide roll-out of its wireless broadband service in the UK because the investment was proving too expensive.
	www.theregister.co.uk /2004/11/29/pccw_wireless_broadband (324 words)

	UNI : Solidarity with workers at Telecom company PCCW in Hong Kong
		Hong Kong's national carrier, HK Telecom, was sold to Mr Li in 2000 and became known as PCCW.
		In January this year, PCCW forced 3,500 employees to resign and join a subsidiary company, Cascade, with pay cuts generally of 15-20%.
		PCCW is the same company that was reportedly interested in buying Britain's Cable and Wireless a few months ago.
	www.union-network.org /uniindep.nsf/4e36123c6ddb05b7c12568f000341550/25599906f0e77f9fc1256d39003bf774?OpenDocument (493 words)

	China Netcom seeks 20% stake in PCCW - Telecom Asia (Site not responding. Last check: 2007-09-07)
		The proposal by the mainland carrier was confirmed by PCCW yesterday after shares in the local fixed-line carrier soared as much as 7.1% in the final 20 minutes of trading, following a report that the once-stalled talks between the two companies were close to a breakthrough.
		PCCW said in a statement that Netcom had "recently expressed interest" in buying 20% of the company through a new share issue, adding that "discussions on cooperations and new shares are continuing but no agreement has yet been reached".
		In response to the news, a Netcom spokesman said: "The group is still in talks with PCCW and no agreement has been reached." He added that there was no key development regarding the negotiations and reiterated the possibility that the two parties would fail to reach a deal.
	www.telecomasia.net /telecomasia/article/articleDetail.jsp?id=138824 (342 words)

	CIOL : News : China Netcom to pay $1 b for PCCW stake
		PCCW said it will earmark up to HK$5 billion ($641 million) to pursue telecoms opportunities in China, and will set up a PRC Business Development Committee comprised of two nominees from each of the two firms.
		One analyst said PCCW's earnings per share would be diluted by about 16 percent, more than an earlier estimate of 12 percent, because of the new share issue and the plan to use much of the proceeds for investments that won't boost profits immediately.
		PCCW bonds due in 2013 tightened 3 basis points on news of the Netcom investment to trade at 100/90 basis points over comparable U.S. Treasuries.
	www.ciol.com /content/news/2005/105012003.asp (718 words)

	PCCW IPTV (Site not responding. Last check: 2007-09-07)
		PCCW’s broadband network serves all major business areas and 95% of Hong Kong households — one of the highest such percentages in the world.
		PCCW’s total Digital TV subscribers increased from 361,000 at the end of December 2004 to 441,000 at the end of June 2005.
		PCCW offers the Video on Demand (VoD) service via now.com.hk, an ISP now.com.hk which offers interactive local and international entertainment and information, Hong Kong-sourced materials such as local news, entertainment features, movies, drama, videos, games and Asian music.
	www.point-topic.com /content/bmm/profiles/vod/PCCW.htm&comp_id=1191&g=4 (222 words)

	PCCW-Netcom in China pay-TV venture - Telecom Asia (Site not responding. Last check: 2007-09-07)
		PCCW will procure TV programming security and payment mechanisms, as well as investment in set-top-boxes and may own up to half of the venture when Beijing relaxes regulations in 2007.
		PCCW's experience with Internet TV, whose NOW pay-TV service in Hong Kong has signed up over 400,000 subscribers since its launch in 2003, was a key reason for the purchase, a Netcom source said.
		PCCW's contribution to the venture are likely to be in the skills department,” he said.
	www.telecomasia.net /telecomasia/article/articleDetail.jsp?id=145287 (341 words)

	Forbes.com: Forbes Faces: Richard Li (Site not responding. Last check: 2007-09-07)
		PCCW had taken a charge of $22 billion in goodwill for the acquisition, leaving it with negative shareholder equity, or liabilities exceeding assets by about $1.8 billion.
		PCCW has plans to unveil its consumer Internet strategy in 90 days, which will be crucial in determining what direction the company will take.
		PCCW could face a range of options including the spinoff of some of its assets or taking public some mobile phone and other joint ventures it has with Telstra, Australia's former national phone monopoly.
	www.forbes.com /2001/03/30/0330facesli.html (666 words)

	Bloomberg.com: Asia
		PCCW yesterday sold 715 million shares at a 9.3 percent discount to the stock's HK$4.85 market value, a week after the Richard Li-controlled company raised $500 million selling bonds.
		PCCW said the money from both sales will be used to repay bank loans that aren't due until 2008, lowering its $4.2 billion net debt.
		PCCW said it plans to repay $1 billion of bank loans due in 2008, erasing a $4.7 billion loan to finance the purchase of the city's former phone monopoly in 2000 and another HK$5 billion loan it took out last year.
	quote.bloomberg.com /apps/news?pid=10000080&sid=aQi1XNqz6Ey4&refer=asia (595 words)

	UNI : PCCW withdraws bid for C&W (Site not responding. Last check: 2007-09-07)
		On Monday, PCCW shares were suspended on the Hong Kong stock exchange pending an announcement about CandW and Japan Telecom, Japan's third biggest fixed-line operator.
		PCCW also said it had never held discussions about a bid for Japan Telecom in which Britain's Vodafone has a controlling stake.
		PCCW, a highly fashionable firm during the internet boom of the 1990s, leapt into the big league when it bought CandW's Hong Kong Telecom subsidiary in 1999.
	www.union-network.org /unimultinationals.nsf/2cb7d0bb23026400c12569e40043eea6/a3531d2cf7eb3241c1256ccd00586e25?OpenDocument (252 words)

	[No title]
		PCCW will enable operators who adopt PCCW's system to provide full broadband Internet access to their consumer and enterprise customers.
		PCCW and the network operator would share in the subscription fee collected from the subscriber.
		It is PCCW's intention to provide its services through any type of broadband network (including telecoms plant upgraded with DSL technology), digital interface or Internet access device that may be available or emerge in the future.
	www.asiawind.com /pub/hksr/news/000301/10-05 (628 words)

	CIOL : News : Intel boosts stake in PCCW
		A PCCW spokesman had no immediate comment and an Intel official could not be reached for comment.
		Among their ties, Intel held a stake in PCCW's Network of the World venture -- a multimedia TV operation -- that was convertible to just over one billion PCCW shares.
		Last week, PCCW reported a surprisingly deep loss of HK$6.1 billion (US$782 million) for 2003 as it wrote off the value of its stake in a struggling undersea cable joint venture.
	www.ciol.com /content/news/2004/104031007.asp (354 words)

	Palmer Admissions, PCCW detailed information
		Palmer College of Chiropractic West (PCCW) offers an educational experience uniquely designed to prepare its graduates to practice with confidence and competence in the health care paradigm of the new millennium.
		One is based on the PCCW campus at 90 E. Tasman Drive; the other is in downtown Santa Clara, near Santa Clara University.
		Since the Fountainhead Experience is part of the PCCW curriculum, the College arranges and funds air travel, housing accommodations and transportation.
	admissions.palmer.edu /info/PCCW.htm (1058 words)

	Bloomberg.com: Top Worldwide (Site not responding. Last check: 2007-09-07)
		PCCW is seeking to cut debt and develop new sources of sales because it has lost market share and faces competition from Internet-based phone services.
		PCCW said in December that China Network Communications had expressed interest in buying new stock representing 20 percent of PCCW's enlarged share capital.
		PCCW Chairman Richard Li, the son of Hong Kong billionaire Li Ka-shing, owned 32.6 percent of the company's stock as of Sept.
	quote.bloomberg.com /apps/news?pid=10000006&sid=a7HghVtTDGKY&refer=home (401 words)

	PCCW says Telstra deals intact: ZDNet Australia: News
		In a combatively-worded speech to an investor conference, PCCW deputy chairman Alex Arena sought to "debunk" speculation that Telstra had seized control of its three joint ventures with PCCW.
		He said both PCCW and Telstra are committed to acquiring more assets and bringing on new partners into their joint ventures, and warned competitors: "don't lapse into thinking that we are two ex-monopolists slow to react to the market, or you may experience a rude surprise or two."
		PCCW stock has lost about 80 percent of its value in the past 12 months.
	www.zdnet.com.au /news/0,39023165,20221901,00.htm (700 words)

	FT.com / By industry / Telecoms - HK probe into PCCW's Sunday deal (Site not responding. Last check: 2007-09-07)
		PCCW, Hong Kong's largest fixed-line operator, on Monday said it had agreed to buy 59.9 per cent of Sunday for HK$1.163bn ($150m), or HK$0.65 per share.
		But according to a disclosure to the Hong Kong stock exchange, PCCW chairman Richard Li had been accumulating shares in PCCW in the nine weeks prior to the deal.
		PCCW's shares were suspended from trading on Monday and dropped 1 per cent to HK$4.75 on Tuesday.
	news.ft.com /cms/s/5ed9c0ce-dce9-11d9-b590-00000e2511c8,_i_rssPage=3ad4cbfc-4761-11d8-81c6-0820abe49a01.html (443 words)

	Light Reading - China Netcom Eyes PCCW Stake - Telecom News Analysis
		On December 14, PCCW reacted to rumors that Netcom would buy a 29 percent stake in PCCW for US$919 million by admitting the two companies were negotiating terms for a new 20 percent stake.
		PCCW is the dominant fixed-line operator in Hong Kong, and has business units in southern mainland China, Japan, Malaysia, Korea, Taiwan, Singapore, and even the U.K. and U.S. In the nine months to September 30, it recorded net income of HK$1 billion (US$128 million) from revenues of HK$16 billion (US$2.05 billion).
		PCCW has gained a lot of video-over-broadband experience in the past year, and has grown the subscriber base for its broadband TV service in Hong Kong to more than 350,000 from just a few thousand in late 2003 (see PCCW Launches Phone TV, PCCW Uses Tandberg for IPTV, and PCCW Expands IPTV Deal With Tut).
	www.lightreading.com /document.asp?doc_id=65429 (605 words)

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