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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (292)	2/7/2001 11:23:09 PM
From: ms.smartest.person	Respond to of 2248

PCCW Says Govt.'s 'Premium' Proposal to Affect 3G Auction Results Feb 07, 2001 - 19:09:15 HKT Quamnet News Service Pacific Century CyberWorks (0008), which runs Hong Kong's second-largest mobile phone service by subscribers, warned that the government's proposal to ask existing mobile phone companies to pay a premium to renew their licenses will affect the results of the coming auction of third-generation (3G) licenses. PCCW will team with Telstra Corp. to bid for a local 3G license, said Hubert Ng, head of its mobile phone operations. PCCW recently sold a 60 percent stake in the mobile phone business to Telstra. Ng didn't say whether PCCW will support the government's controversial "premium" proposal, though. He just said the plan is still at a preliminary stage and subject to change. quamnet.com