13:54 17-AUG-2000
PCCW (0008-HK) total assets US$9.6b, total staff 15,000
Based on the asset value as at March 31, Pacific
Century CyberWorks (PCCW)'s total assets after the merger will be US$9.6 billion (HK$74.88 billion).
The company will have 15,000 employees working in 25 offices in 18 countries. Based on market capitalisation, the company will become the largest Internet enterprise in Asia. Looking into the history of PCCW, Pacific Century Regional Development Ltd was incorporated in October, 1993.
In 1998, it formed a joint venture company with its subsidiary Pacific Century Convergence and Intel (4335-HK).
It had a formal debut in Hong Kong through Tricom in August, 1999 and was merged with Cable & Wireless HKT in February, 2000.
In April, it formed an alliance with Australia's Telstra and then in June began the formal broadcasting of NOW service.
In August, it took over Japanese software operator Jaleco for a back-door listing in Japan.
The merger with Cable & Wireless HKT was completed on August 17.
It will be listing in the US in form of depositary securities on August 22.
PCCW's global strategic partners are Intel, CMGI, telecom and media investor HMTF, largest sports content provider TWI, satellite technology company Daimler Chrysler Aerospace and Legend (0992-HK).
PCCW (0008-HK) total assets US$9.6b, total staff 15,000
Based on the asset value as at March 31, Pacific
Century CyberWorks (PCCW)'s total assets after the merger will be US$9.6 billion (HK$74.88 billion).
The company will have 15,000 employees working in 25 offices in 18 countries. Based on market capitalisation, the company will become the largest Internet enterprise in Asia. Looking into the history of PCCW, Pacific Century Regional Development Ltd was incorporated in October, 1993.
In 1998, it formed a joint venture company with its subsidiary Pacific Century Convergence and Intel (4335-HK).
It had a formal debut in Hong Kong through Tricom in August, 1999 and was merged with Cable & Wireless HKT in February, 2000.
In April, it formed an alliance with Australia's Telstra and then in June began the formal broadcasting of NOW service.
In August, it took over Japanese software operator Jaleco for a back-door listing in Japan.
The merger with Cable & Wireless HKT was completed on August 17.
It will be listing in the US in form of depositary securities on August 22.
PCCW's global strategic partners are Intel, CMGI, telecom and media investor HMTF, largest sports content provider TWI, satellite technology company Daimler Chrysler Aerospace and Legend (0992-HK).
