. Earth Science News .
POLITICAL ECONOMY
Hong Kong regulator gives thumbs up to PCCW privatisation

by Staff Writers
 Hong Kong (AFP) Dec 23, 2008
 Hong Kong's telecoms regulator said Tuesday it had given the green light for PCCW's 15.5 billion Hong Kong dollar (1.9 billion US) plan to buy out its minority shareholders.

"The Telecommunications Authority has formed an opinion that the proposed privatisation would not have, or would not be likely to have, the effect of substantially lessening competition in a telecommunications market in Hong Kong," a spokesman for the Office of the Telecommunications Authority said.

"Accordingly, the Telecommunications Authority has given consent to the proposed privatisation."

PCCW, the city's main fixed-line operator, and China Netcom have offered minority shareholders 4.20 dollars a share to take the firm private.

Shareholders are scheduled to vote on the proposal on December 30. The proposal needs the support of 75 percent of shareholders to pass, but some have voiced disquiet, suggesting the offer price is too low.

The company's biggest shareholder is its chairman Richard Li.

PCCW said in October it wanted to take the company private because the shares had not performed "satisfactorily."

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 The Economy


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


POLITICAL ECONOMY
Unisys cuts 1,300 jobs, suspends raises
 Washington (AFP) Dec 22, 2008
 US technology firm Unisys Corp. announced Monday it was cutting 1,300 jobs as part of a series of cost-savings moves aimed at saving over 225 million dollars a year.






DISASTER MANAGEMENT
  • 1,000 evacuees from Malaysian landslide still not allowed home: report
  • China sinkhole sends hundreds fleeing: state media
  • Recovery nearly complete in Indonesia's tsunami-hit Aceh: donors
  • Disasters killed more than 238,000 people in 2008: Swiss Re

    • CLIMATE SCIENCE
  • Greenland's Glaciers Losing Ice Faster This Year Than Last Year
  • Tropics cooled by volcanic eruptions
  • Climate change slows acid rain recovery
  • Global warming causing more tropical storms: NASA

    • EARTH OBSERVATION
  • Japanese seek to scrap Google's Street View
  • Contraction Of Boundary Between The Earth's Ionosphere And Space
  • Mission Operations Readiness Review For NPOESS Prep Project Completed
  • Jason-2 Satellite Data Now Available To Scientists

    • ENERGY TECH
  • China starts filling tanks at largest oil reserve: report
  • Analysis: Brazil oil bidding tepid
  • Analysis: Nigeria creates delta ministry
  • Analysis: Tajikistan expands gas industry

    • EPIDEMICS
  • HIV/AIDS "hidden but growing" problem in the Philippines
  • China reports bird flu outbreak
  • UN health agency says Zimbabwe cholera epidemic not under control
  • Hong Kong finds H5N1 bird flu virus in chicken farm

    • FLORA AND FAUNA
  • Spider Love: Little Guys Get Lots More
  • Study: Flora not flourishing in tropics
  • Migratory birds face peril in Lebanon sanctuary
  • Local Seed Not The Best For Revegetation

    • FROTH AND BUBBLE
  • Report: EPA allows chemical secrecy
  • So. Cal seals show high level of DDT, PCB
  • Global warming: Sweden cleanest, SArabia dirtiest, says index
  • Chlorine leak at Siberian chemical factory: report

    • ABOUT US
  • First U.S. face transplant performed
  • Pyjama police fight Shanghai's daytime love of nightwear
  • Ancient brain tissue found in Britain
  • Bacon cheeseburger tops 'unhealthy' list

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement