• Fri
  • Dec 19, 2014
  • Updated: 8:52am

Hong Kong Telecom

Gains in mobile and fixed-lines boost HKT profit by 32pc

Alex Arena says HKT's mobile operation could have posted more gains if not for Apple's phone-locking policy.Photo: May Tse

Hong Kong Telecommunications (HKT), which reported a 32 per cent increase in net profit for last year, said its mobile operation could have posted more gains if it was not constrained by Apple's phone-locking policy.

Wednesday, 27 February, 2013, 1:46am

PCCW may raise up to HK$11b from city's first business trust

PCCW is set to spin off its telecommunications assets on November 29, heralding the first listing of a business trust in Hong Kong, a person familiar with the deal said yesterday.

10 Nov 2011 - 12:00am

PCCW's trust spin-off is nothing but a cash grab

In early 2000, just before Richard Li Tzar-kai's PCCW made its takeover bid, Hong Kong Telecom boasted a market capitalisation of HK$215 billion. Adjusted for inflation, that would be HK$232 billion in today's money.

Now PCCW is hoping to spin off HKT in a deal that values the business at between HK$29.1 billion and HK$34.5 billion.

10 Nov 2011 - 12:00am


How can the harbour be made more accessible?

I refer to the report ('Upgrade piers for more activities along harbour, study urges', May 17).

Last year, I spent 10 months living in Hong Kong as a Fulbright Fellow and since returning to New York, I have been following issues related to public space and urban design in Hong Kong.

26 May 2008 - 12:00am

Government help ruled out

Government intervention in efforts to restore damaged telecommunications would be more likely to slow the work than speed it up, industry insiders said yesterday.

30 Dec 2006 - 12:00am

Lai See

Six of the best years in telecoms and the market thanks to prince richard

17 Aug 2006 - 12:00am

PCCW gets stiffer terms for $6.5b loan

Fixed-line operator agrees to bankers' demand for return of borrowed funds if telecoms assets are sold

PCCW, which is seeking a $6.5 billion loan, has agreed to bankers' demands for stronger repayment safeguards in the wake of chairman Richard Li Tzar-kai's divestment of all but 3 per cent of his holding in the company, bankers said.

17 Jul 2006 - 12:00am

A rotten deal for PCCW shareholders

So 'Richard Li opts to sell out for $9billion' (July 11) and end his roller-coaster association with PCCW by donating his personal profit of $1.38 billion - or the paltry sum of 33cents to 38 cents a share - to shareholders who have lost their fortunes during his reign.

14 Jul 2006 - 12:00am

PCCW to rule on bids within 10 days

Core telecom and media assets will likely be taken private

PCCW's board of directors will decide within 10 days whether to accept or reject one of two bids for the company's telecom and media assets, a source close to chairman Richard Li Tzar-kai said.

22 Jun 2006 - 12:00am

PCCW in talks to sell phone and TV assets

Australia's Macquarie Bank said to be offering $40b; China Netcom angry

PCCW, the city's dominant phone operator, is in talks to sell its fixed-line network, Sunday mobile service and broadband television business to the private equity arm of Macquarie Bank, Australia's largest investment bank, for roughly $40 billion, people familiar with the situation said.

20 Jun 2006 - 12:00am

Feast your eyes on TV adverts

If you are a TV commercial addict - after all, sometimes what comes on in between programmes are actually more interesting than the programmes themselves - then you are in for a real treat next month.

20 Oct 2003 - 12:00am

Consumers paramount in telecom reform

For eight years telecommunications has been the odd man out among Hong Kong's pillar domestic industries. It has been subject to brutal competition, aggressive new entrants and spectacular innovation. Consumers have been the big winners as prices of basic services have plunged while choice has proliferated.

8 Oct 2003 - 12:00am

PCCW explains tale of two announcements

Timing is everything.

Sadly PCCW had scheduled a friendly media lunch on the very day it announced that it had in fact approached British telco Cable & Wireless about a possible takeover.

Oh no it didn't. Oh wait a minute, yes it did.

Disclosure shmisclosure.

Anyway, back to the lunch.

10 Feb 2003 - 12:00am

PCCW share price falls below $1 mark

Tycoon Richard Li Tzar-kai's PCCW became a penny stock after plunging to a low of $0.97 on Monday.

PCCW - which peaked at almost $30 during the Internet boom - fell below one dollar for the first time.

At 2pm on Monday, the stock was trading at $0.98 after falling 2.97 per cent from Friday's close of $1.01.

7 Oct 2002 - 12:00am

Operators call for pledges on service

Telecommunications operators are calling for minimum service commitments from new entrants before full liberalisation of Hong Kong's fixed-line telecoms sector.

Hutchison Global Crossing, one of Hong Kong's four network operators, said the absence of service commitments could lead to negative multiple chain effects and might worsen existing competition.

10 Nov 2001 - 12:00am