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Richard Li Tzar-kai

CyberWorks proposes company name switch to PCCW

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Pacific Century CyberWorks has proposed to adopt the acronym 'PCCW' as its formal English name.

The company said it wanted to align its legal name with its logo and brand. Pacific Century CyberWorks has been the company's English name for 38 months.

'Employees, customers, media and shareholders know the company as 'PCCW', and the board therefore recommends to shareholders this be the official English name,' it said.

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The name change is subject to shareholder approval at a July 31 meeting.

The change reflects a further attempt by the company to distance itself from the associations of the Internet era. CyberWorks started out as a technology-concept company, entering the stock market through a backdoor listing in 1999, but has since become more a telecommunications company than an Internet venture.

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Following its February 2000 takeover of Cable & Wireless HKT and the subsequent dotcom collapse, more than 90 per cent of CyberWorks' revenue is generated by its dominant fixed-line telecoms business.

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