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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (230)2/5/2001 12:44:09 AM
From: ms.smartest.person  Read Replies (1) of 2248
 
09:30 05-FEB-2001
PCCW reported decreasing charges on IPLC service by over 50 pct

Pacific Century CyberWorks (PCCW) (0008-HK) is planning to cut charges of its International Private Lease Circuit (IPLC) services by as much as 50 pct following earlier reductions by rivals, namely New World Telephone, Hutchison Global Crossing and New T&T, Ming Pao said.

Analysts said annual income from IPLC for PCCW falls between $2.5 billion and $3 billion, of which half will be turnover from Hong Kong-to-mainland service.

With the reduction, such income they said may drop $7 billion to $8 billion.

(End)


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