NETCOM STILL NOT SATED
AsiaInfo Services, March, 2001
AsiaInfo Services 03-22-2001 Netcom still not sated BEIJING, Mar 22, 2001 (AsiaPort via COMTEX) -- Major telecom service provider China Netcom Corp is busy looking for overseas partners and plans to be more active in the international capital market, according to a statement the firm released at opening ceremonies for its Hong Kong holding company. The brash company became the first Chinese telecom operator to make direct use of foreign capital after it signed a US$ 325 million equity deal with US-based companies News Corp and Goldman Sachs. "The Hong Kong branch will facilitate the company's future capital market financing activities and business operations in Hong Kong and the rest of the region,'' the statement said. The Hong Kong branch will offer broadband...
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