Stories about: Wireless HKT

Pacific Century CyberWorks Ltd. (PCCW), the Hong Kong Internet startup that last year acquired its hometown telecommunication carrier, announced Wednesday it will lay off 340 employees in the business that less than a year ago it touted as a platform to take on the world: broadband business to consumer (B-to-C) services.

Home broadband penetration has reached 40.2 percent of all Hong Kong Internet users, or about 800,000 users, according to Internet-usage measurement company Internet Audience Measurement Asia Ltd. (Iamasia). The market research company also expects that percentage to surpass the 50 percent mark by the third quarter of 2001, according to recent company findings.

Pacific Century CyberWorks (PCCW), the Hong Kong Internet startup that bought incumbent telecommunications carrier Cable & Wireless HKT Ltd. (HKT) at the height of the tech-stock frenzy last year, on Wednesday posted a net loss for 2000 of more than HK$6.9 billion (US$884.6 million).

Pacific Century CyberWorks, the Hong Kong Internet startup that bought incumbent telecommunications carrier Cable & Wireless HKT at the height of the tech-stock frenzy last year, on Wednesday posted a net loss for 2000 of more than HK$6.9 billion (US$884.6 million).

Singapore Telecommunications Ltd. (SingTel) is set to make an A$17.5 billion (US$8.95 billion) bid for Australian company Cable & Wireless Optus Ltd. (CWO), according to reports in both local and overseas media Monday.

Hong Kong-based Pacific Century CyberWorks last Thursday acquired Hutchison Corporate Access (HCA), a provider of private satellite-based data communications networks, by acquiring holding company Hutchison Telecommunications Technology Investments Ltd.

SecureNet and eSign Australia have joined forces to exploit their technologies in the development new public key infrastructure products and smart card security systems. Elsewhere this week the business action picked up a notch despite the ongoing saga of the Olympics

Pacific Century CyberWorks Ltd. (PCCW), Hong Kong's most prominent Internet startup and the new owner of the territory's incumbent telecommunications carrier, on Thursday reported a net loss of HK$35 million (US$4.4 million) for the six months ended June 30.

Singapore telecommunications company StarHub Pte. Ltd. will launch WAP (Wireless Application Protocol) roaming in Hong Kong and Malaysia for customers of its iPower WAP service on October 1. The WAP roaming offering will soon be extended to the U.K. and India, StarHub said in a statement Friday.

The marketing consultant from Los Angeles wipes his sweaty forehead with his sleeve, joking that he could sure use a stiff drink, as Richard Li grills him mercilessly. In a meeting room in London, Hong Kong's brightest cyberstar quizzes the consultant about the services he's pitching, disputes his figures and shoots down his views on everything from online advertising to the future of set-top boxes. Between attacks, Li relaxes into boredom, sighing out loud and then walking out of the room to take a call, leaving the consultant in midsentence. Before it's over, the consultant apologizes for suggesting that he knows more than one of Li's lieutenants. Li is unmoved. "You should be [sorry]," he scolds.

An announcement that Star TV has bought a stake in a big cable network in India could heat up a rivalry there with Richard Li's Pacific Century CyberWorks Ltd. Both companies want to target the lucrative Indian market with interactive entertainment services. But Star TV - a company that Li actually started, and then sold to Rupert Murdoch - seems to have beaten CyberWorks at jumping on some of the pipes that will deliver these goods.