PCCW: Nur gute Nachrichten.....

aber der Kurs stagniert. Abwarten und Tee trinken!!
Hier noch eine Meldung:

Tuesday, 22 August 2000
C&WHKT gets go-ahead for Asia cables



By Newsbytes

Cable & Wireless HKT (C&W HKT), now a wholly-owned subsidiary of Internet giant Pacific Century CyberWorks, has been given permission to start constructing fibre optic cables linking Hong Kong to Shanghai in China and Malaysia.
The cable project is one part of the company’s plan to rapidly expand its broadband Internet, ATM and wireless services outside of Hong Kong – with Greater China, Taiwan, and Southeast Asia the main focus.
The Hong Kong Government on Friday gave the telecom company permits to land the cables in Hong Kong off Lantau Island and begin laying two submarine cables.
The fibre optic submarine cables will provide telecommunication facilities and services to the Asia-Pacific region by connecting Hong Kong with Kuantan on the east coast of Malaysia and Chongming for Shanghai, China.
Work will start in November of this year and last for several months.

Gruss Trader

The Tokyo studio will plan, develop and edit content for NOW Japan. It will also edit and translate popular Japanese content into multiple languages for export via NOW's global network.

``The new studio demonstrates PCCW's commitment to the development of broadband Internet in Japan,'' said Shiro Koriyama, Chairman of Sony PCL. ``We are delighted to be contributing to this and are looking forward to working with PCCW-Japan on this project.''

Additional NOW studios are planned for New York and Greater China.

About Pacific Century CyberWorks (PCCW)

Pacific Century CyberWorks is the Hong Kong-listed technology flagship of the Pacific Century Group. PCCW is one of the world's biggest Internet companies, and is the largest Internet company in Asia by market capitalisation.

Focused on global growth, PCCW is developing a full spectrum of broadband Internet capabilities, and is aiming to become the premiere provider of telecommunications, digital technology and new media services. With the August 2000 Cable & Wireless HKT merger, the Company has developed an innovative 8 X 3 business model that runs eight business units within three operating sectors:

Telecommunications Services - Principally comprising telecommunications and other value-added services based on the Company's fibre-optic network in Hong Kong.
Global Communications Services - Fast-expanding mobility and global connectivity services.
Net Enterprises - Broadband B2C (Network of the World TV-web service), B2B business services, Data Center services and CyberWorks Ventures, which invests in synergistic core businesses.
About Pacific Century CyberWorks Japan Ltd.

PCCW-Japan was established in January 2000 as a subsidiary of PCCW, and is driving broadband Internet content, infrastructure and distribution throughout the country via alliances and investments in related content providers, TV companies, advertising agencies, and network and cable TV companies. PCCW-Japan will finalize its acquisition of Jaleco Corporation in November 2000.

About Sony PCL Inc

Sony PCL Inc is a 100% owned subsidiary of Sony Corporation. It is a leading supplier of technical services to the film, video, television and electronic publishing industries in Japan. They have a long working experience with a wide range of media, such as film, still photography, tape, cassette, optical disc, etc.

Global Communications Services consists of two business units: Mobility Services and Connectivity Services. Strategic joint ventures will allow this sector to expand regionally and globally.

The third sector is Net Enterprises, consisting of four business units: Broadband Business to Consumer Services, Business to Business Services, Data Center/Web Hosting Services and CyberWorks Ventures. The company has more than 5 million customer accounts, comprising 3.7 million business and residential telephone customers, nearly one million mobile customers and over one-half million Internet subscribers including 77,000 broadband residential and business customers.

Earlier this month PCCW acquired 81% of Jaleco Ltd., the Japanese entertainment software producer listed on JASDAQ, facilitating the Company's entry into Japan's broadband market.

Each PCCW American Depository Receipt (ADR) represents 10 ordinary shares traded on the Stock Exchange of Hong Kong 0008.

 

About PCCW


PCCW is the largest Internet company in Asia by market capitalization, and one of the largest Internet companies in the world. PCCW recently completed Asia's largest merger with Cable and Wireless HKT, Hong Kong's top telecommunications company. This positions PCCW to take advantage of the expanding Internet, broadband and communications opportunities across the world. With strategic businesses in broadband B2C, B2B, mobility, connectivity, web hosting and venture capital services, and strong cash-flow businesses in telecommunications and infrastructure services, PCCW is building on its aggressive global growth strategy.

CONTACT:Pacific Century CyberWorks, Hong Kong
Joan Wagner, 852-9128-1155
or
Fleishman-Hillard New York
Charles Sipkins, 212/453-2160
pccwpr@fleishman.com

URL:www.businesswire.com