'Intense price competition drags HKT profit down 90%

Article Abstract:

Cable and Wireless HKT Ltd. had a 90% drop in net profits from 1998 to 1999. Competition in telecommunications in Asia is discussed along with HKT's financial results, and a proposed merger with Pacific Century CyberWorks Ltd. The firm will focus on expanding broadband and other services which cater to Internet-based users.

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Citic Pacific is testing the waters of the new economy

Article Abstract:

This article discusses the plans of Hong Kong based Citic Pacific to move into the mainland China Internet market. The company has acquired a 60% stake in a nationwide fiber-optic network and a 50% stake in cable television companies in four mainland provinces.

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Warburg climbs ranks with one big deal

Article Abstract:

This article describes how Warburg Dillon Read conceived and implemented the merger of Pacific Century Cyberworks Ltd. and Cable and Wireless HKT Ltd. both of Hong Kong. The article also presents a mergers and acquisitions scorecard, taken from Thomson Financial Securities, which shows Warburg tenth among advisors.

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