Pacific Century Group

Big questions over PCCW's business trust spin-off plan

There are plenty of questions about PCCW's plan to float its telecoms arm as a business trust, but so far precious few answers.

Wednesday, 8 June, 2011, 12:00am

PCCW to keep solutions and media businesses

After the proposed spin-off of its telecommunications operations, PCCW expects to retain 'substantial businesses' including its 'solutions' and media businesses, which contributed HK$4.42 billion to the company's consolidated revenue of HK$22.96 billion last year.

4 Jun 2011 - 12:00am

PCCW rises after spin-off plan wins regulatory nod

Shares of PCCW surged yesterday after it received the go-ahead from regulators to spin off its telecommunications operations as a business trust, which would be the first public listing of its kind in Hong Kong.

4 Jun 2011 - 12:00am

Lai See

Richard Li and the mystery woman in the white dress

Less than three months after a 'heartbreaking' separation from his longstanding girl friend Isabella Leong Lok-sze, Richard Li Tzar-kai, the chairman of PCCW, apparently has a new inamorata.

19 May 2011 - 12:00am

'Top-up' app for prepaid mobiles

Monitise, the wireless payment system company, and the Joint Electronic Teller Services (Jetco) network of banks plan to expand mobile commerce in Hong Kong in a tie-up with communications giant PCCW.

19 May 2011 - 12:00am

Anger at PCCW's HK$100-a-year recreation club

A row has broken out over why mega-rich telecoms giant PCCW has been allowed to pay just HK$100-a-year in rent for a recreation club - for the exclusive use of its staff - on prime real estate in Causeway Bay for three decades.

Lawmakers are angry over why a private firm can be granted such favourable terms on a prime site.

14 May 2011 - 12:00am

PCCW to appeal after spin-off listing blocked

PCCW chairman Richard Li Tzar-kai is gearing up for another battle with regulators after the proposed spin-off listing of the firm's telecommunications operations was rejected.

In a filing yesterday, PCCW said the listing committee of the Hong Kong stock exchange had turned down the planned separate listing based on Practice Note 15 of the Listing Rules.

28 Apr 2011 - 12:00am

Now TV scores with Spanish soccer deal

PCCW's pay-television service, Now TV, has extended its exclusive contract to broadcast top Spanish soccer matches in Hong Kong until the 2014-15 season. The new deal will allow subscribers to watch more live 'La Liga' matches, including those featuring Real Madrid and Barcelona (pictured), from next season, also showing games that start at 10pm.

21 Apr 2011 - 12:00am

Secondary listing rule changes aim to woo foreigners to bourse

The Securities and Futures Commission and the Hong Kong stock exchange would seek rule changes to attract more international firms to apply for secondary listings on the local bourse, said Julia Leung Fung-yee, undersecretary for financial services and the treasury.

18 Apr 2011 - 12:00am

PCCW boss 'stays committed'

Amid a swirl of speculation after a spin-off plan was unveiled by the PCCW board, chairman Richard Li Tzar-kai has declared he remains committed to the company's telecoms operations. 'Let me say clearly, I am a big believer in PCCW and its telecommunications business. I have every intention of staying invested in the business,' Li said.

29 Mar 2011 - 12:00am

PCCW Solutions wins digital theatre contract

PCCW Solutions, the information-technology services arm of Hong Kong telecommunications giant PCCW Group, has secured for an undisclosed amount a contract to build four digital theatre systems for the Dunhuang Academy, a mainland conservation agency.

29 Oct 2010 - 12:00am

PCCW plunges on share sale

Shares of PCCW fell almost 10 per cent yesterday after Hong Kong's largest telecommunications services provider announced plans to sell HK$1.3 billion worth of new stock at a discount to repay debts. The share price of the Richard Li Tzar-kai-controlled company closed at HK$2.59, down 9.76 per cent.

25 Aug 2010 - 12:00am

PCCW raising US$125m from share sale

PCCW, Hong Kong's biggest telecommunications services provider, is selling about US$125 million worth of new shares, according to the firm's term sheet. The operator is offering 380 million shares, which is about 5.6 per cent of its share capital, at HK$2.58 to HK$2.70 each. That represents a discount of between 6 per cent and 10 per cent to its closing price yesterday of HK$2.87.

24 Aug 2010 - 12:00am

PCCW wins Manchester United deal

PCCW has secured a three-year deal for the exclusive rights to all television, internet and mobile phone-based programmes of English Premier League soccer giant Manchester United, for an undisclosed amount. The partnership will start with 24-hour coverage on PCCW's Now TV Channel 640 on July 15.

6 Jul 2010 - 12:00am

Construction works disrupt PCCW service

Customers of PCCW's broadband network Netvigator on Hong Kong Island were hit by a blackout yesterday when a fibre-optic cable was accidentally damaged during construction works. PCCW said the cable was damaged by construction workers unrelated to the company shortly after 1pm. Workers were repairing the cable and it expected the service would be resumed today.

20 Feb 2010 - 12:00am