Rumour PCCW(1186)Cable & Wireless Friday sign C&W HKT(0008)acquisition
agreement
(Infocast News) Still were there different rumours about the acquisition in C&W HKT
(0008) yesterday. As reported by Oriental Daily, it was rumoured that
Pacific Century CyberWorks (1186) (PCCW) will sign an agreement in relation to the
acquisition of the stakes of C&W HKT with UK-based Cable and Wireless
on Friday, and that PCCW plans to place shares again. At the closing yesterday, is was
also rumoured that CITIC Pacific (0267) will join into this acquisition
event but CITIC Pacific has once again denied.
Meanwhile, there was also a hearsay that Singapore Telecommunications (SingTel) will
withdraw from such an acquisition event. SingTel emphasized when
meeting the securities sector yesterday that the company will aim at developing the
telecommunications market in Asia, including seeking chances to acquire
internet service providers and to apply for telecoomunications licences in different
countries, and forming alliances with strategic partners. However, the company
strictly refused to talk about the acquisition event.
agreement
(Infocast News) Still were there different rumours about the acquisition in C&W HKT
(0008) yesterday. As reported by Oriental Daily, it was rumoured that
Pacific Century CyberWorks (1186) (PCCW) will sign an agreement in relation to the
acquisition of the stakes of C&W HKT with UK-based Cable and Wireless
on Friday, and that PCCW plans to place shares again. At the closing yesterday, is was
also rumoured that CITIC Pacific (0267) will join into this acquisition
event but CITIC Pacific has once again denied.
Meanwhile, there was also a hearsay that Singapore Telecommunications (SingTel) will
withdraw from such an acquisition event. SingTel emphasized when
meeting the securities sector yesterday that the company will aim at developing the
telecommunications market in Asia, including seeking chances to acquire
internet service providers and to apply for telecoomunications licences in different
countries, and forming alliances with strategic partners. However, the company
strictly refused to talk about the acquisition event.
