Pacific Century CyberWorks: Taking on a telecom

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000 Author: Anja Helk Acquirer: Pacific Century CyberWorksType of deal: LBO of Hong Kong TelekomAmount: $37 billion (later adjusted to $28 billion)Date of announcement: February 29 2000Advisers for PCCW: Bank of China International, CSFB, MSDW, UBS WarburgAdvisers for Cable & Wireless: Merrill […]

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000
Author: Anja Helk

Acquirer: Pacific Century CyberWorks
Type of deal: LBO of Hong Kong Telekom
Amount: $37 billion (later adjusted to $28 billion)
Date of announcement: February 29 2000
Advisers for PCCW: Bank of China International, CSFB, MSDW, UBS Warburg
Advisers for Cable & Wireless: Merrill Lynch, Greenhill & Co
Adviser to HKT: Jardine Fleming (now Chase)
Independent financial adviser to HKT board committee: ING Barings








In February 2000 Pacific Century CyberWorks (PCCW) left the biggest imprint on corporate history ever made by an internet company.



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