PCW - Pacific Century CyberWorks Limited Message Board

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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1891)	9/1/2001 11:32:43 PM
From: ms.smartest.person	Read Replies (1) of 2248

Partners overreach their net value The Australian - ABIX; Sep 1, 2001 BY GLENDA KORPORAAL A Hong Kong telecommunications expert has valued Telstra's Internet joint venture at only $US2bn. This is in sharp contract to the $US10 billion figure cited by Telstra and its partner, Pacific Century CyberWorks (PCCW) in documents released in 2000. The valuation of Reach by ING Barings' Craig Racine was released in late August 2001. Racine forecasts that there will be no significant news from Reach for the next six months. Meanwhile, investors in PCCW are looking for an indication from Britain-based Cable & Wireless about the future of its 7.5 per cent stake in the group after the expiration of the lock-in on 1 September 2001. World Reporter All Material Subject to Copyright globalarchive.ft.com

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