Feeds

PCCW mulls Energis bid – report

Overseas Chinese

  • alert
  • submit to reddit

Internet Security Threat Report 2014

PCCW is interested in buying the UK's Energis, the Sunday Times reports.

The Hong Kong dotcom VC-turned telco also wants to buy the Macau bit of Cable & Wireless. In this case it might a willing/nay forced seller, considering the financial depths to which C&W has sunk.

Energis too has been in the mire. The Leeds-based telecoms group was saved from extinction when its major creditors, a group of banks, took it over. The company is now chaired by Archie Norman, part time Tory MP and former top banana at Asda, the supermarket chain now controlled by Wal-Mart.

PCCW is run by Richard Li, son of the richest man in Hong Kong. The company invested in a lot of dud businesses, accumulating a debt of $22bn along the way. However, one of those businesses was Hong Kong Telecom, owned by C&W. This cash cow is now enabling PCCW to consider overseas expansion again, The Sunday Times says. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.