June 5, 2003 — (WEB HOST INDUSTRY REVIEW) — Cable & Wireless (cw.com) today said that is has received HK$ 2,960 million for its holding of PCCW (pccw.com) shares.
The announcement came after reports appeared saying Cable & Wireless was actively seeking to sell its entire 14 percent stake in PCCW. This resulted in PCCW requesting that trading in its shares be suspended, pending an announcement in relation to C&W?s interest in the company.
PCCW is a telecom carrier based in Hong Kong, China.
