In late January 2000, Cable & Wireless Plc (C & W) and Singapore Telecommunications Ltd (SingTel) submitted a proposed merger of equals between the wired and wireless HKT (HKT) and SingTel. Both HKT and SingTel were the leading telecom operators in their local markets, as well as the merger of the two would create the second largest full-service telecommunications provider in Asia outside Japan. However, the proposed transaction was received coldly in Hong Kong and Singapore, due to uncertainty over its political and financial implications. Meanwhile, Pacific Century CyberWorks Ltd. (PCCW), the leading online launch in Hong Kong, is considering launching a rival bid to SingTel sealed the deal with C & W. "Hide
Su Han Chan, Ko Wang, Maria Ho Source: University of Hong Kong, 19 pages. Publication Date: January 24, 2002. Prod. #: HKU173-PDF-ENG
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