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To: ms.smartest.person who wrote (288)2/7/2001 11:00:04 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
Reach chairman stresses no rush in listing

2001-02-08 10:37

(Infocast News) Reach, an Internet IP backbone company jointly formed by PCCW (0008) and Telstra, begins operation today. Chairman Gerry Moriaty said during an interview in Australia that it will evaluate all kinds of alliance and financing feasibilities. But he emphasized that the company is not rush in listing.

Reach estimates that the company's annual turnover in initial stage will be close to US$2 billion (equivalent to $15.6 billion) and fund its business development accordingly.



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