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Background of Pccw

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Submitted By LewisLam
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PCCW Limited (Pacific Century Cyber Works) is the holding company of HKT (Hong Kong Telecom) Group Holdings Limited. It is a Hong Kong based information and communications technology (ICT) company. PCCW also holds a majority interest in Pacific Century Premium Developments Limited. PCCW is headquartered in Hong Kong and operates in Europe, the Middle East, Africa, the Americas, mainland China, and other parts of Asia. The main business of PCCW is carrying telecommunications services, media and IT businesses in Hong Kong.

PCCW shares are listed on Hong Kong Stock Exchange SEHK: 0008, and traded in the form of American depositary receipts on the OTC Pink market in the United States (Ticker: PCCWY).

Also, PCCW/HKT was the first quadruple play provider in Hong Kong, and offers media content and services for fixed-line, broadband Internet, TV and mobile. The group sells to local and international business customers, as technical services and project outsourcing to network operators and public and private sector organization.
In addition, PCCW Commercial Group provides ICT services to enterprises, such as electronic passport system e-PASS and the Smart Identity Card system for the Hong Kong SAR Government.

PCCW is the largest and historic telecommunications service provider in Hong Kong. We are interested in how PCCW maintain their market position such as their influence in the telecommunications market while facing other competitors like China mobile and SmarTone. Because we can see that some customers still will sign new contract with PCCW although other telecommunications service providers (SmarTone) is cheaper.
Also, we hope to know how PCCW develop other businesses in Hong Kong since it was holding a largest telecommunications market in Hong Kong such as development of media market (i.e. Now TV).

PCCW apply for privatization in December 2008 and it has been voted down in April 2009. As an accountancy student, we know that privatization is a very special corporate behavior, we also surprised that why PCCW considers to privatize, because of privatization is uncommon. Therefore we hope to find out the reason why PCCW had this decision and what PCCW has done after the unsuccessful privatization.

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