PCCW to spend HKD3b on fibre upgrade, expects CDMA to hit black in five years

26 Nov 2007

Alex Arena, the managing director of Hong Kong incumbent PCCW-HKT, has revealed plans to invest HKD3 billion (USD385 million) next year on upgrading the telco’s entire fixed line network to fibre-optic broadband in response to customer demand for high-bandwidth applications. Arena also announced that the company would be investing tens of millions of US dollars in building a CDMA mobile network, following its recent win of Hong Kong’s sole CDMA2000 licence. The planned CDMA service, which will focus on providing cross-border roaming services, is expected to break even in three to five years, according to the managing director.