The post-merger situation for Pacific Century CyberWorks (PCCW) and Hong Kong Telecom is detailed in this case. The stock prices of Pacific Century CyberWorks (PCCW) have fallen drastically in the months following the announcement of the merger. Discussions can be based on the post-merger developments; competitive developments in the broadband industry post-merger; and, how stock prices reflect the market's reaction to a company's strategy. .....more

Pacific Century Cyberworks (PCCW), a Hong Kong-based Internet company, emerged from an insignificant position since its mid-1999 listing to be a leading Internet player in Asia and China in early 2000. To achieve its growth, PCCW has followed an aggressive acquisition strategy providing it with ownership positions in a multitude of Internet ventures. The case is positioned at the time of PCCW's largest potential acquisition - Hong Kong Telecom .....more