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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.