CONFIDENTIAL
Cable and Wireless plc (CWplc) and
British Telecommunications plc (BT)
Annex B
CWplc (through Telco) is the principal party behind the CTHK bid whereas BT is behind the HCV bid.
CWplc
is the ultimate parent company of both Cable and Wireless (HK) Ltd. (CWHK) and the Hong Kong Telephone Co. Ltd.
(Telco).
Company profiles
Cable & Wireless plc
(a)
Shareholding: 100% privately owned; shares
are traded on the Tokyo and Hong Kong as well as London
exchanges.
(b)
Turnover
: L907m. in 1985/86.
(c) Ownership of subsidiaries :
(i)
UK Mercury Communications Limited
(100%)
(ii)
Hong Kong :
Cable & Wireless Hong Kong (80%)
: Hong Kong Telephone Co.
(57.6% plus 22% through
Cable & Wireless Far East
CTHK)
CONFIDENTIAL