PCCW Ltd
Last updated: 5 Nov 2007 Update History
Report Status: Archived
Report Pages: 15
Analyst: Peter Evans
Synopsis
Archived report: this report was archived 29th July 2009 and has not been updated.
Originally an IT and Internet technology company, PCCW became Hong Kong’s dominant fixed-line telecommunications provider in 2000 when it acquired the incumbent, Cable and Wireless HKT. Following the takeover, PCCW had to restructure debt, divest non-core investments, downsize and find new revenue streams to remain viable. The company is a leading provider of IT and data centre solutions for corporations in Hong Kong and greater China, and is Hong Kong’s largest ISP offering broadband ADSL access and multimedia content including pay-TV channels. In January 2005, China Netcom reached an agreement with PCCW on the purchase of a 20% stake in PCCW for US$1 billion. The relationship between China Netcom and PCCW continued to evolve after they formed a joint broadband venture in mainland China in 2006.
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