PCCW partners with China Netcom (China Network)

From MarketWatch: PCCW partners with China Netcom

"China Network and PCCW agreed to from a "strategic committee" and working groups to scout business opportunities, the Wall Street Journal reported on its website.

The plan comes on the heels of an agreement for China Network, or China Netcom, to buy a 20 percent stake in PCCW for about $1 billion, the Journal reported.

China Netcom Chairman Zhang Chunjiang said the companies could team in a number of areas, including broadband television, mobile phone service and real estate, according to the report. Zhang also said the companies could combine parts of their international businesses, the Journal reported." Read more