PCW - Pacific Century CyberWorks Limited Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PCW - Pacific Century CyberWorks Limited

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ms.smartest.person who wrote (714)	3/27/2001 7:52:52 PM
From: ms.smartest.person	Read Replies (1) of 2248

Telstra may go into Asia sans PCCW By Leonie Wood Telstra's chief executive, Dr Ziggy Switkowski, has signalled that the telecom carrier may expand in Asia separately from its partner, Hong Kong-based Pacific Century CyberWorks. Telstra remained committed to expanding in Asia but, Dr Switkowski emphasised, Telstra's ambitions could differ from PCCW's plans. He also raised the prospect that PCCW may one day sell down its stake in the joint ventures, although he declined to speculate on PCCW's intentions or timing. "We will continue to work with PCCW on identifying shared opportunities and that is normal," he said. "But we have always understood that their interests and what is strategic to us may be a little bit different as we go forward. There is plenty of room in the partnership agreement for us to operate at distance one to the other." Telstra yesterday appointed Mr Dick Simpson head of its new Hong Kong based International division. Mr Simpson is now responsible for supervising Telstra's $4.5 billion joint venture interests with PCCW. Mr David Phodey, chief executive of IBM Australia, will replace Mr Simpson as head of Telstra's mobile phones business. Speaking from Hong Kong, Dr Switkowski highlighted the partners' keen interest in expanding into China. But he again noted that Telstra's strategy in China may differ from PCCW's. "We are taking our first small steps to better come to grips with the Chinese market and see what opportunities there might be for PCCW to pursue. Our strategies might be a little different," he said, adding the partners were working together and sharing information. The Age smh.com.au

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next