PCCW auf dem Weg zu den Philipinen:

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PCCW auf dem Weg zu den Philipinen: was_weiß_ich

PCCW auf dem Weg zu den Philipinen:

 
#1
Top News
                   Fri, 31 Mar 2000, 2:56am HKT

                   PhilWeb.Com Says It's in Talks With CyberWorks to
                   Invest in Cable TV Firms
                   By Ian C. Sayson

                   PhilWeb.Com, CyberWorks in Talks on Cable TV Venture (Update1)

                   (Adds background on Philippine cable TV, share price)

                   Manila, March 30 (Bloomberg) -- PhilWeb.Com Inc. said it's in
                   talks with Pacific Century CyberWorks Ltd., Asia's third-largest
                   Internet investment company, for a possible joint investment in
                   cable television companies in the Philippines.

                   PhilWeb.Com said in a statement to the regulators that the
                   two companies haven't yet reached an agreement. PhilWeb.Com is
                   also holding talks with other companies, the statement said.

                   PhilWeb.Com, once an unprofitable mining company that turned

                   into a high-speed Internet provider, rose as much as 7.5 percent
                   to 43 centavos, snapping a four-day decline. The stock was
                   suspended from trading briefly at the request of the stock
                   exchange pending the announcement.

                   The Philippine Daily Inquirer reported today, citing
                   PhilWeb.Com President Alex Villamar, that CyberWorks and
                   PhilWeb.Com may be partners in a fund that will invest in
                   television cable companies.

                   CyberWorks, which agreed to acquire Cable and Wireless HKT
                   Ltd., Hong Kong's dominant phone company, wants to buy into cable
                   companies to expand its high-speed Internet services, the paper
                   said.

                   Sky Vision Corp., an affiliate of ABS-CBN Broadcasting Corp.,
                   operates the nation's largest television network. Home Cable Inc.,
                   Sky Vision's closest competitor, is a unit of Philippine Long
                   Distance Telephone Co., the nation's largest telephone provider.

                   PhilWeb.Com recently traded at 41 centavos. The stock is up
                   more than five-fold this year compared with a 20 percent drop in
                   the benchmark index.  


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