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

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