Standard & Poor's expects no change PCCW-HKT Telephone

Standard & Poor's said it expects no change in the rating on Pacific Century CyberWorks Ltd.'s (0008) wholly owned subsidiary PCCW-HKT Telephone Ltd. S&P said PCCW, Hong Kong's dominant telecoms carrier, reported better-than-expected first-half profits of HK$935 million (US$120 million).

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