PCCW Limited ADROTCPK - Current
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  • Jul. 7, 2015, 9:53 AM
    • A continuing rout in China is pressing the country's mobile providers.
    • In U.S. trade, China Telecom (NYSE:CHA) is off 5.6%; China Unicom (NYSE:CHU) down 4.9% and China Mobile (NYSE:CHL) down 2.9%.
    • Hong Kong's PCCW (OTCPK:PCCWY) is off 6.2% in over-the-counter trading as well.
    • The Shanghai Composite is back to a selloff despite a rash of support measures from Beijing. Several hundred companies have taken the risky move of filing for a trading halt in Shanghai and Shenzhen in an attempt to escape the downdraft.
    | Jul. 7, 2015, 9:53 AM
  • Apr. 6, 2015, 2:41 PM
    | Apr. 6, 2015, 2:41 PM
  • Apr. 2, 2015, 10:49 AM
    • French telecom Orange (NYSE:ORAN) needs to look at all offers as it seeks to sell a Dailymotion stake, says France's Economy Minister Emmanuel Macron.
    • Orange entered exclusive talks with Hong Kong's PCCW (OTCPK:PCCWY) and is reportedly entertaining an offer that values the video site at €250M.
    • Macron says he's not opposed to a deal with PCCW, but: "What I said was: 'Should we enter into exclusive negotiations?' The answer is no. We should look at all the offers."
    • France takes a heavy hand in foreign investment into French operations, and considers Dailymotion a "jewel." The country killed a Dailymotion stake sale to Yahoo in 2013 over such concerns, and is likely to favor a European partner.
    • France is the biggest shareholder in Orange, at about 25%.
    • Previously: WSJ: Orange in exclusive talks to sell Dailymotion stake (Mar. 13 2015)
    | Apr. 2, 2015, 10:49 AM
  • Apr. 2, 2015, 9:15 AM
    • Government licensing action is moving TV stocks in Hong Kong, as PCCW (OTCPK:PCCWY) moved up as much as 8.6% in regional trading after the government gave it a 12-year free-to-air broadcast license.
    • The move comes after the city had been left with just one such broadcaster as the government shut down the license of Asia Television, Hong Kong's oldest TV station.
    • HKTV had risen almost 30% in U.S. trading Tuesday on expectations it was stepping in to save the nearly bankrupt ATV, but gave back gains yesterday, -21.2%, as the company denied those reports. HKTV was down 12.5% in Hong Kong trading Thursday.
    • I-Cable Communications (OTCPK:ICABY) is awaiting word on its OTA license and moved up more than 4% in Hong Kong on positive hopes there.
    | Apr. 2, 2015, 9:15 AM
  • Mar. 13, 2015, 12:40 PM
    • Having not succeeded at first (or second), Orange (ORAN -1.8%) is trying again to sell a stake of about 49% in video site Dailymotion -- this time through exclusive talks with Hong Kong telecom PCCW (OTCPK:PCCWY).
    • PCCW's made an offer valuing Dailymotion at €250M ($264.5M), a source tells The Wall Street Journal.
    • The goal would be expansion, an area in which France-based Dailymotion hasn't kept up with competitors like YouTube. The French government, which killed a 2013 stake sale to Yahoo, may now be more open to foreign investment.
    | Mar. 13, 2015, 12:40 PM