Stories by Stephen Lawson

Pacific Century denies HKT deal is done

Hong Kong Internet holding company Pacific Century CyberWorks last week said it was still in discussions with Cable & Wireless PLC over a proposed purchase of Cable & Wireless HKT (C&W HKT), Hong Kong's incumbent telecommunications carrier.
The company made the statement to the Stock Exchange of Hong Kong in response to reported rumors that a deal had been reached.

Honkers' Internet/telco fracas

Pacific Century CyberWorks (PCCW), Hong Kong's emerging Internet powerhouse, is armed with reinforcements to take over Hong Kong's incumbent telecom carrier Cable & Wireless HKT (C&W HKT), while a possible three-way deal involving original suitor Singapore Telecommunications (SingTel) has reportedly been scuttled.

Hong Kong Among First to See the Future of Windows

Several hours before the main launch set for later today in San Francisco, Microsoft Corp. here unveiled the long-awaited new version of its Windows operating system with great fanfare and a taped video appearance by Microsoft Chairman and Chief Software Architect Bill Gates.

PCCW Strengthens C&W HKT Merger Position

Pacific Century CyberWorks Ltd. (PCCW), Hong Kong's emerging Internet powerhouse, is armed with reinforcements to take over Hong Kong's incumbent telecom carrier Cable & Wireless HKT Ltd. (C&W HKT), while a possible three-way deal involving original suitor Singapore Telecommunications Ltd. (SingTel) reportedly has been scuttled.

Honkers merger to create Net powerhouse

Pacific Century CyberWorks (PCCW), Hong Kong's emerging Internet powerhouse, on Saturday confirmed it has approached Cable & Wireless HKT's (C&W HKT) biggest shareholder to propose a merger with the carrier.

HK's CyberWorks Proposes Merger with C&W HKT

Pacific Century CyberWorks Ltd. (PCCW), Hong Kong's emerging Internet powerhouse, on Saturday confirmed it has approached Cable & Wireless HKT Ltd.'s (C&W HKT) biggest shareholder to propose a merger with the carrier.

Local Bid May Complicate HKT-SingTel Deal

A local bid may throw a wrench into Cable & Wireless HKT Ltd.'s proposed merger with Singapore Telecommunications Ltd. (SingTel) to create a regional mega-carrier.

UPDATE: Finance Giant CITIC Invests in ChinaWeb

ChinaWeb Ltd., which operates English- and Chinese-language financial Web sites in Mainland China, this week strengthened its relationship with financial services giant China International Trust and Investment Corp. (CITIC).

China Internet Use Doubles Since July Study

There are 8.9 million Internet users in China today, and nearly 10 percent of them have used the Internet to make purchases or payments, according to a survey released last week by China's official Internet research group.

HK Firm Raises Funds for China, US Data Centers

New World CyberBase Ltd., the Internet arm of one of Hong Kong's major conglomerates, yesterday issued new shares on the Stock Exchange of Hong Kong to raise an estimated HK$369 million (US$47.4 million) for expansion plans that include data centers in China and the U.S., according to the company.

China Financial Firm CITIC Invests in ChinaWeb

ChinaWeb Ltd., which operates English- and Chinese-language financial Web sites in Mainland China, this week strengthened its relationship with financial services giant China International Trust and Investment Corp. (CITIC).

HK vendor brings WAP proxy software to Asia

Ariel Communications this week introduced the Asian market to proxy software that allows corporations to host their own applications for WAP (wireless application protocol) handheld devices.
The software, a Windows application called WAPLite that was developed by US-based Infinite Technologies acts as a gateway between a corporate intranet and an outside service provider's wireless network.

China Joint Venture Studies Internet Centers

Canadian company Concept Industries Inc., negotiating a joint venture with a Chinese telecommunications carrier, has hired Electronic Data Systems Corp. (EDS) to investigate the prospects for Internet data centers in China, Concept said this week.

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