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Earlier this year, PCCW tried to sell a 45percentt stake in HKT, a newly created entity grouping PCCW's core assets.
In the short run, however, Mr. Murdoch's involvement would enable Singapore Telecommunications to increase its cash offer to Cable and Wireless, which is currently about $6.4 billion for the company's 54.4percentt stake in HKT.
PCCW had hoped to raise up to $2.5 billion for the stake in HKT, a newly created holding group for most of its core fixed-line, broadband and television assets.
Executives close to Pacific Century said that they were not fazed by the erosion in HKT's phone business.
"If and when Cyberworks completes this transaction, it's going to be dragged down by the erosion in HKT's core business".
CyberWorks, a Hong Kong Internet and multimedia startup, is buying out the 54% interest that Britain's Cable & Wireless owns in HKT, Hong Kong's former phone monopoly.
Similar(53)
The induction in HKT-1, SAPK5, Rab16A, and DREBP2 was recorded especially in the salt-sensitive cultivar).
In addition, HKT transporters of subfamily I were isolated both in the dicotyledon and monocotyledon, but HKTs of subfamily II were isolated only in the monocotyledon.
In theory HKT should be well placed to exploit this.
This gene turns out to be a protein in the HKT family that exclusively mediates K+ and Na+ translocation between roots and shoots, thereby regulating K+/Na+ homeostasis in the shoots, resulting in improved salt tolerance (Ren et al. 2005).
Pseudogenes have previously been reported in the HKT super-family but their functional relevance is unknown [ 39].
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