It's all about the share price

The PCCW and Telstra deal should be seen as an attempt to push through the takeover of C&W HKT.

The press release said it all. The strategic alliance is subject to a number of preconditions including the successful completion of the acquisition by PCCW of Cable and Wireless HKT.

But looking at the massed ranks of the media, analysts and company executives from Telstra, PCCW and Cable Wireless HKT, you wouldáhave thought that PCCW and Cable Wireless HKT had already merged. Far from it.

With PCCW's share price at HK$15.4 on the day before the deal was announced, there is a large chance that PCCW's cash and share offer for CW HKT will not go through. Nevertheless company executives from HKT and PCCW have...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222