- Bank Of China, CSFB, UBS Warburg Advisors to PCCW
- Chase Fleming - Advisor to HKT
- Merrill Lynch, Greenhill Advisor to Cable Wireless
- ING Barings Fairness opinion
- Salomon Smith Barney Advisor to board of PCCW's Singapore parent
- Morgan Stanley Dean Witter - Advisor
PCCW's acquisition of Hong Kong phone company, CW HKT is the most significant MA transaction of the year. It broke Asian records in terms of size. It also broke the mould in terms of audacity we had a well-established, ex-monopoly telecom company being bought by a company riding the speculative internet wave and yet to make a cent of profit.
From the acquirer's point of view, this...