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Technology Stocks : PCW - Pacific Century CyberWorks Limited
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To: ms.smartest.person who wrote (803)3/29/2001 10:21:03 AM
From: ms.smartest.person  Read Replies (1) of 2248
 
PCCW Allots Up to HK$400 Mln for Local 3G Development
Mar 29, 2001 - 17:56:31 HKT
Quamnet News Service
Pacific Century CyberWorks Ltd. (0008), Richard Li's Internet investment vehicle, has earmarked HK$900 million for capital expenditure in its CSL local mobile phone operations this year, inlcuding HK$300 million to HK$400 million for development of next-generation services, said Eva Lam, CSL's director of finance.

Last year's capital spending was HK$600 million, said Lam.

CSL would invest HK$500 million to HK$600 in 2.5G this year, said Lam.

CSL recorded an average revenue per user (ARPU) of HK$58 per month for 2000, up 3 percent from HK$56 per month a year earlier. The industry-average ARPU last year was HK$33-35 per month.


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