Business News From The Hong Kong Press Friday
Cable & Wireless PLC (CWP), which holds a 15.3% stake in Pacific Century
CyberWorks Ltd. (H.PCW), half of which can be sold next month, hasn't decided
whether to sell the CyberWorks shares, and hasn't been approached by any
potential buyers yet, the Hong Kong Economic Journal reports quoting C&W
spokesman Peter Eustace.
i-Cable Communications (ICAB) expects advertising revenue for its cable TV operations to slow down this year, but will still register double digit growth, the Hong Kong Economic Journal reports quoting company Deputy Chairman Stephen Ng.
Acrossasia Multimedia (P.ASS) has talked to China Resources Group about buying the latter's over 50% stake in mobile operator Peoples Telephone, the Hong Kong Economic Times reports quoting a Peoples Telephone official. But chances of closing a deal aren't high as the companies have yet to reach an agreement, the paper said.
i-Cable Communications Ltd., a unit of property developer Wharf Holdings Ltd. (H.WHF), may unveil a positive earnings report for the first time since listing in 1999 when it releases financial results for last year, according to its chief executive, Stephen Ng, as reported in the South China Morning Post.
New T&T, the telecommunications arm of Wharf Holdings, will offer call plans from HK$99 to HK$199 a month for unlimited calls to the U.S., Canada, Australia and Britain with effect on Jan. 22, reports the South China Morning post.
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