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

To: ms.smartest.person who wrote (2062)	11/26/2001 2:51:27 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Reach rumoured to take over assets of Level 3 2001/11/26 13:07 (Infocast News) The "Hong Kong Economic Times" reports citing a source that after giving up constructing its own fibre optic network, Reach, the network backbone joint venture company of PCCW (0008) and Telstra, is looking for other means to increase its network capacity. The source said that Reach is negotiating with US fibre optic network company Level 3 for an important transaction which may be related to acquisition of Level 3 assets. Another sources said that the negotiation may even lead to merger of Reach and Level 3. However, the sources had not said whether PCCW and Telstra need to inject capital for the transaction or PCCW's shareholding in Reach might be reduced. infocastfn.com