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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: ms.smartest.person who wrote (2399)9/10/2000 11:26:43 PM
From: ms.smartest.person  Read Replies (2) of 4541
 
CyberWorks Links Up To Asia-Europe Cable

HONG KONG, CHINA, 2000 SEP 10 (NB) -- By Adam Creed, Newsbytes.

Hong Kong-based Asian Internet company Pacific Century CyberWorks [NYSE:PCW] has linked up to one of the first undersea cable networks that connects Asia to Europe via the Middle East rather than via North America.

CyberWorks will have an initial 45 megabits per second link to the UK from Hong Kong on SEA-ME-WE 3. The Hong Kong Government gave permission on Friday to the former Cable & Wireless HKT for the link into Hong Kong.

Hong Kong's largest telephone company, Cable & Wireless HKT, was taken over by CyberWorks last month.

The link will provide the international infrastructure to support much of CyberWorks' proposed cross-border Internet backbone business activities with Australia's Telstra Corp. [NYSE:TLS], as well as the roll-out of NOW (Network of the World) - CyberWorks' flagship converged TV-Web service.

SEA-ME-WE 3 has a total capacity of 40 gigabits per second and connects 39 landing points from Asia to Western Europe. Investors in the undersea cable system consist of more than 90 telecom companies in 50 countries.

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asia.dailynews.yahoo.com
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