The bluffing and counter-bluffing is over and the hands are revealed. No one should be surprised that Hong Kong banker Francis Leung’s US$5.2 billion purported bid for local telecom operator PCCW is in fact a careful orchestration of control for the utility by master conductor Li Ka-shing (KS Li) on behalf of mainland Chinese telecom carrier China Network Communications Group (China Netcom).
As predicted in these pages (see HK telecommunications carrier PCCW: Wrong connections, August 2006) Francis Leung has been fronting for Li senior in ensuring that three critical objectives are realized.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
