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从宽带开始 田溯宁、李泽楷第二次亲密接触(From broadband start, Richard Lee, second close contact)
The company has operations in Hangzhou and Ningbo recently to study broadband company, and the joint venture company and small shareholder talks, but not yet finalized cooperation scheme.
While most people are still arguing over the significance of the Netcom Groups stake in PCCW, the capital link has been quietly dancing.
According to the telecommunications company (0008.HK) announced the March 30th financial report, the companys 2004 fiscal year revenue of HK $22 billion 900 million, only 2% more than in 2003, but net profit of HK $1 billion 640 million to HK $2003, a change in fiscal year 6 billion 100 million net loss situation. On the same day, PCCWs shares soared 6%.
The same day, PCCW also announced the China Netcom Group PCCW shares after the next assumption of cooperation. Although these ideas are now still in the exploratory stage, but still can peep out from the real meaning of the - Netcom PCCW alliance.
PCCW stake in Netcom broadband
The company vice chairman and managing director Su Zeguang announced plans to buy PCCW - Netcom broadband - stock company Netcom Group in the mainland, the two sides will jointly expand the network transmission and value-added services such as broadband services. Early on, the city will be locked in six southern cities, including Hangzhou, Ningbo, Wenzhou, Chongqing, Yangzhou and Chengdu. As for the proportion of shares, will be in accordance with the provisions of the CEPA agreement, up to 49%.
Prior to this, due to the groups integration and listing considerations, Netcom broadband was officially stripped out of the Netcom system. According to the agreement, China Netcom holdings in 14 months at a price of 770 million yuan (calculated by the 8% annual rate of return on investment) from Lenovo, Baoshan, Chinese Design Research Center, Shanghai stock market and Shanghai stock Associates Investment Company letter to repurchase the Netcom broadband.
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