Quote:
Originally Posted by Alan Fry
And Hutchison Whampoa (like PCCW) is owned by CK Holdings (which is owned by Li Ka-shing, the 11th richest person in the world)
The trouble with C&W (now C&W Worldwide) is that they sold the best bits of their business, now with the sale ofm their overseas assets, they do not have much left!
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But if they didn't sell them off, they would have gone under. One2one, it only owned 50% of, they would have had to buy the remaining 50% from US West and then splash more money into the company as it needed a lot more investment especially on network coverage, then it would have had to bid for a 3G licence which was a lot of money at the time.
This could have been done, by selling off its Cable franchises and selling 1 of its international companies and then using the money on One2one.
Mercury Paging was sold off a few years before that and became PageOne communications and is still going today, so if you have a minicall pager somewhere, it may still work.