View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 23, 1988


By CBR Staff Writer

Cable & Wireless Plc will shortly announce an equally-owned three-way joint venture with Hutchison Whampoa Ltd and China International Trust & Investment Corp to establish satellite television services for the People’s Republic and other Asian countries, reports the Financial Times: the partners will invest some $150m in the project, which will buy from Lloyds of London a satellite that had not gone into its assigned orbit and had been retrieved from space, get it refurbished by General Motors’ Hughes Aircraft unit, and send it back up again on China’s Long March rocket; ironically, Hutchison Whampoa is teamed with Cables’ arch rival British Telecom on a cable TV venture in Hong Kong – but Hutchison is controlled by Li Kashing, who holds a 4.9% stake in Cables.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.