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Posted on 03/07/2003 7:30:13 PM PST by pttttt
PCCW Limited
39th Fl., PCCW Tower, TaiKoo Place, 979 King's Rd., Quarry Bay
070, Hong Kong Phone: +852-2888-2888
Fax: +852-2877-8877
Emerging player PCCW expanded dramatically in 2000 by buying Hong Kong's incumbent phone company, Cable & Wireless HKT. PCCW is now the city's dominant carrier operating 3.5 million phone lines. Formerly Pacific Century CyberWorks, it owns a Hong Kong fiber-optic network and provides Internet services. PCCW's 40%-owned mobile phone joint venture with Australia's Telstra serves 1 million customers in Hong Kong and elsewhere in the region. Telstra and PCCW are cooperating on a global Internet Protocol (IP) network.
PCCW's IP services subsidiary Beyond the Network purchased US-based broadband access provider Ardent Communications in 2002.
Richard Li, son of Hong Kong tycoon Li Ka-shing [principal owner of Hutchison Whampoa, buying Global Crossing], owns about 38% of the PCCW.
Key Numbers
Company Type: Public
NYSE: PCW (full quote) (ADR)
Scottrade: $7 Trades, No Inactive Fee
Fiscal Year-End: December
2001 Sales (mil.): $2,815.0
1-Yr. Sales Growth: 201.1%
2001 Net Inc. (mil.): $243.0
2001 Employees: 14,000
1-Yr. Employee Growth: (6.7%)
Copyright © 2002, Hoover's, Inc.
This happened real quietly. How come the feds didn't look into this? PCCW looks like Global Crossing Lite.
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