PCCW is taking in HK$9.3 billion in proceeds from its telecommunications assets spin-off - Hong Kong's first business trust initial public offering - after units were sold at the low end of its price range in a volatile market.Thursday, 24 November, 2011, 12:00am
Key shareholders of PCCW have given their financial commitment to the company's telecommunications-assets spin-off, despite lukewarm demand for this business-trust initial public offering - the first of its kind in Hong Kong.22 Nov 2011 - 12:00am
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
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, the city's largest telecommunications firm, will shy away from making an aggressive overseas push despite winning a full licence in Saudi Arabia, according to group managing director Alex Arena.
PCCW and Saudi conglomerate Mawarid won a licence to provide full telecommunications services including fixed line, broadband and wireless broadband in the Middle East country.17 Mar 2008 - 12:00am
What used to be called information technology (IT) now has the word 'communications' (ICT) built in.
The BlackBerry is an example of a product in the market, which blends information, telecommunications and technology. PCCW Solutions is an example of an ICT enterprise aimed at providing the widest spectrum of solution services to the market.6 Oct 2007 - 12:00am
PCCW, the city's largest telecommunications operator, has installed wireless internet access points in 1,000 public telephone booths around Hong Kong, bringing the number of its Wi-fi 'hotspots' to more than 3,000.23 Aug 2007 - 12:00am
The Hong Kong music industry is working to regain market share from illegal downloads of tunes from the internet. EMI and Gold Label are working with a mobile operator to launch Asia's first digital rights management-free service for full downloads of songs.15 Aug 2007 - 12:00am
Jack So Chak-kwong, the former deputy chairman of PCCW, denied yesterday his resignation was because of the company's poor operating performance.
Mr So's resignation, effective on April 30, had been linked to the fact that PCCW failed to meet the internal business target for last year.4 May 2007 - 12:00am
Joined company: 1998
PCCW managing director (effective April 30)
Deputy chairman of PCCW executive committee
PCCW chief financial officer (to be relinquished to Susanna Hui Hon-hing on April 30)
Chairman and executive director of Sunday Communications29 Mar 2007 - 12:00am
Windfall from property and insurance disposals to finance tycoon's new focus
Richard Li Tzar-kai is seeking new investment opportunities in the media sector with almost HK$10 billion in cash he has reaped from selling holdings in property and insurance over the past 12 months, a source close to the tycoon said.3 Mar 2007 - 12:00am
SmarTone Telecommunications, a Hong Kong-based mobile-telephone subsidiary of property developer Sun Hung Kai Properties, said half-year profit jumped 17 per cent after increased deposit rate doubled its finance income.
Profit for the six months to December rose to HK$44 million from HK$37 million a year earlier while sales grew 13 per cent to HK$2.1 billion.2 Mar 2007 - 12:00am
So, PCCW chairman Richard Li Tzar-kai has agreed to sell his 23 per cent stake in the company to former banker Francis Leung Pak-to in a story that is sure to be on the Top 10 news list for the year.
Li Ka-shing's youngest son was at pains to point out that he didn't think his six years at the helm of Hong Kong's largest fixed-line operator was a short tenure.12 Jul 2006 - 12:00am
charmed lives of prince richard and the crown prince of football
The World Cup is over. And so, we hope, is the soap opera at PCCW.
Richard Li's final season at PCCW has been as full of incidents as Zinedine Zidane's farewell tour of international football. Lai See is struck by other similarities between their careers.12 Jul 2006 - 12:00am
PCCW's shares are likely to come under short-term selling pressure despite chairman Richard Li Tzar-kai's plans to offer a special dividend of $1.38 billion from his own pocket, brokers said.11 Jul 2006 - 12:00am