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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject6/21/2001 8:19:47 AM
From: ms.smartest.person  Read Replies (1) of 2248
 
Singapore IDA:Telstra-PCCW JV Applies For Telecom License
Updated: Thursday, June 21, 2001 05:31 AM ET


SINGAPORE (Dow Jones)--Reach Ltd., the 50-50 Internet backbone joint venture between Australia's Telstra Corp. (TLS, news, msgs) and Pacific Century CyberWorks Ltd. (PCW, news, msgs), has applied for a facilities-based operator license in Singapore, said Singapore's Infocomm Development Authority.

"We are processing it (the application)," said Dulcie Chan, a spokeswoman at IDA, the island-republic's telecommunications industry regulator.


However, Chan said she isn't clear when an approval can be expected.

According to Chan, the facilities-based operator license is meant for telecommunications operators who intend to "deploy any form of telecom networks, systems, and facilities to offer telecom switching and/or transmission capacity and/or telecom services."

The IDA has so far issued 29 such licenses, she said.

-By Shen Hong; Dow Jones Newswires; 65-421-4822; hong.shen@dowjones.com
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