Hong Kong - PCCW Ltd plans to sack 600 staff to cut costs, union staff said Wednesday. Same day, shareholders approved a HK$15.9 billion ($2.05 billion) buyout offer led by chairman Richard Li - prompting investigation by the Hong Kong stock market regulator. The Securities and Futures Commission took possession of PPC Ltd's voting records and will start investigating the buyout process, said a spokesman. The HK$4.50-a-share bid was supported by more than 75 percent of stockholder votes, PCCW … [Read more...] about PCCW to lay off 600 – regulator to investigate buyout vote
PCCW
SCI FI and Universal channels land on now TV
Hong Kong - NBC Universal's SCI FI and Universal have landed on PCCW's now TV, making Hong Kong the fourth market in the region to carry all four of the network's channel brands (including Hallmark and KidsCo) - alongside Singapore, Thailand and Cambodia. This comes amidst mounting market speculation that the recession might have a ‘last in first out' impact - with later entrants like NBC U being the most vulnerable. Rumours were rife that the Global Networks Singapore HQ was existing on a … [Read more...] about SCI FI and Universal channels land on now TV
All Sports Network HD joins MEASAT-3 – ASN lands on Hong Kong’s now TV
Kuala Lumpur/Hong Kong - MEASAT announced that an agreement had been signed to distribute the All Sports Network HD (ASN HD) channel via the MEASAT-3 satellite. ASN HD is a 24-hour pan-Asian sports channel featuring exclusive coverage of some of America's biggest sports and other action events from around the world including the US National Football League, the National Hockey League and National Collegiate Amateur Association (NCAA) college basketball and football, March Madness, Motor-sports … [Read more...] about All Sports Network HD joins MEASAT-3 – ASN lands on Hong Kong’s now TV
now TV launches self-produced now Hong Kong Channel
Hong Kong - PCCW Media Limited announced that its new self-produced Cantonese infotainment channel - now Hong Kong (channel 100) - will begin broadcasting on December 12. The new channel will be led by PCCW's VP of now Hong Kong, Felix To. Available in high-definition and standard-definition formats, the new channel will carry self-produced infotainment programs and talk shows featuring Hong Kong celebrities. Besides broadcasting unique in-house programs, now Hong Kong channel will also source a … [Read more...] about now TV launches self-produced now Hong Kong Channel
TV5MONDE passes the 30,000-sub mark on now-TV
Two years after relaunching its Asian channel in Hong Kong on PCCW's nowTV in 2006, global French-speaking network TV5MONDE passed the 30,000 residential subscribers mark at the end of October 2008. TV5MONDE originally launched in Hong Kong on i-Cable in August 2002 in the 12-channel international tier, reaching 8,200 subscribers in the summer of 2006; the channel then switched to nowTV. Comments Alexandre Muller, managing director, Asia, "I am very proud of our results on now-TV because it … [Read more...] about TV5MONDE passes the 30,000-sub mark on now-TV
Telkom and PCCW to bring IPTV services to Indonesia
Hong Kong - PT Telekomunikasi Indonesia (Telkom) and Hong Kong's PCCW have pacted to co-invest in Indonesian satellite TV group PT Indonusa Telemedia (Telkomvision) to deliver satellite TV, IPTV and other services to the country. PCCW says it has also been granted preferred-partner status by Telkom and Telkomvision in the areas of business, technology and implementation. Pay TV penetration in Indonesia stands at 2% of the country's 40 million TV households, and Telkomvision, which has been … [Read more...] about Telkom and PCCW to bring IPTV services to Indonesia
