- 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, C&W HKT is the most significant M&A 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.
