“They have to find other areas to invest in to compensate for the fall in overseas revenues, but they have a trusted brand and very good connections with customers.”
“We see the end of the dotcom bubble in Asia, cyclical things and structural changes in some sectors that will lead to a changing in the way some workforces are deployed.”
“PCCW is facing declining revenues from its long-distance operations, but it still has a massive grip on Hong Kong's telecoms infrastructure and so it is very well positioned.”
