Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ms.smartest.person who wrote (1626)	7/15/2001 12:51:12 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Telstra PCCW mull US1.6b bid for M1 2001-07-14 Terms and Conditions Telstra and its Asian partner Pacific Century CyberWorks are being pressured to raise the ante for second-tier Singapore telecom company MobileOne. This is amid market talk that M1 will be withdrawn from sale. It is understood that Telstra-PCCW joint venture is considering a US$1.6 billion bid for M1 in a mix of cash and convertible bonds. This will be greater than Malaysia's Maxis Communications' bid of US$1.4 billion. But the pressure to raise the bids comes at a time when Singapore's economy is slipping into a technical recession. Analysts say this could impact on M1's longer term operations and valuation. Copyright© 2000 LEXIS-NEXIS, a division of Reed Elsevier Inc. All rights Reserved.