PCCW looks for international opportunities

Hong Kong service provider PCCW is stressing its desire to pursue international growth opportunities, after reporting earnings that showed a 20 percent increase in net income, but a seven percent overall decline in revenue. Actually, the company's real estate unit was responsible for the revenue decline; its telecom operations grew revenue by 12 percent. PCCW also saw TV subscriber numbers rise about 16 percent to 882,000, while overall wireline subscribers remained flat at about 1.4 million.

The international interest follows recent news that PCCW was part of a consortium that won a fixed-line license to operate in Saudi Arabia.

For more:
- see this report from TeleGeography
- or this article at The Financial Times

Related articles:
- For more PCCW news look here

Suggested Articles

Analyst Scott Raynovich says that Cisco's newly announced ASIC is a big gamble for its business model, and could impact other areas of revenue.

Orange Digital Ventures is the lead investor in a financing round of $24.3 million for software-defined cloud interconnect (SDCI) vendor InterCloud.

After years of aligning optics, silicon and software elements, Cisco announced its "Internet for the Future" strategy at an event in San Francisco.