IPTV Becomes the Core Business of PCCW with 818,000 Users

2007/09

According to foreign correspondence on August 30, PCCW president Li Zekai declares that currently he does not seek to sell the shares of the company any more and neither does he intend to have more shares. He expresses confidence in the development of the IPTV business of PCCW----NowTV, and estimates that the EBITDA will be balanced before making allowance for interest expanses, depreciation and amortization by the end of this year.