Netcom And PCCW Acquisition Rumors Persist

December 16, 2004 | Print | Email Email | Comments | Category: Telecom & Wireless



    China Netcom's rumored purchase of PCCW (0008.HK) is heating up in local media reports. Analysts say China Netcom will spend $844 Million to buy 20% of PCCW, a move thought to be able to help lessen the latter's debt and offer China Netcom an opportunity to enter the fixed phone market of Hong Kong.

    A source close to the negotiations has reported in press accounts that a common understanding is expected to be reached between the two parties within weeks.

    However, if the acquisition is successful, China Netcom will become the second largest shareholder of the PCCW.


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    One Response to “Netcom And PCCW Acquisition Rumors Persist”

    1. By motasimOctober 11, 2007 at 4:14 am

      Hi all I need manual or user giude for CECT G928 cell phone

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