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PCCW Global and China Network Communications sign letter of intent for Beijing 2008 Olympic Games

HONG KONG, May 1, 2007 - PCCW subsidiary PCCW Global today announced that a letter of intent has been signed with China Network Communications (CNC) in relation to TV coverage of the Beijing 2008 Olympic Games. The intention is that PCCW Global will act as CNC’s fixed-line communications partner in the delivery of a live broadcasting platform for Olympic Equestrian events in Hong Kong, enabling viewers around the world to enjoy Olympics action of the highest quality.

As official Beijing 2008 Olympic Games fixed-line communications partner, CNC has made a commitment to the International Olympic Committee to deploy high-definition TV technology for Olympic Games coverage. CNC has to date conducted high-definition TV tests in collaboration with countries such as Japan, South Korea and France.

CNC and PCCW Global have also signed a letter of intent relating to PCCW Global’s deployment of high-definition TV technology to broadcast Olympic Equestrian action for the world’s enjoyment. Both parties have carried out successful tests to ensure the high quality transmission of high-definition programs in Beijing via optical fibers and satellite. The results indicate that CNC and PCCW Global are prepared to transmit stable, reliable and high-quality TV coverage of the 2008 Olympic Games around the world.

CNC Senior Vice President Zhao Jidong said: “PCCW is the leading telecommunications service provider in Hong Kong, as well as one of CNC’s major global partners. CNC and PCCW will work closely together to ensure successful TV coverage of the Olympics, and will further promote comprehensive development of Information & Communications Technologies (ICT) in both Hong Kong and China.”

PCCW Global Chief Executive Officer Dan Lovatt said: "Backed by experience accumulated over past decades, CNC is one of the most powerful telecommunications operators in China, especially in terms of media services. We are honored to work as official partner to CNC in the delivery of advanced program transmission support for the 2008 Olympic Games. By making use of both optical fibers and satellite technologies for reliable transmission of the Olympic Games, CNC and PCCW will act jointly as a bridge linking Hong Kong with Beijing to help China fulfill its Olympics commitment to the world."

About China Network Communications Group Corporation

China Network Communications Group Corporation ("China Netcom Group") is one of the largest telecommunications companies in China, well known both domestically and internationally. It is the exclusive fixed line telecommunications service provider for Beijing 2008 Olympic Games. China Netcom Group has extensive advanced network that covers the whole of China and reaches out globally. Its main business focuses on operating domestic and international fixed line telecom networks and offering related telecom services. At the end of 2003, the registered capital of China Netcom Group was RMB 60 billion. Total assets exceeded RMB 250 billion. Revenue reached RMB 84 billion. China Netcom Group currently has more than 110 million telephone users.

About PCCW

PCCW Limited (SEHK: 0008, NYSE ADR: PCW) is the premier telecommunications provider in Hong Kong and a leader in Information and Communications Technologies in Asia. While expanding opportunities in mainland China in partnership with China Network Communications Group Corporation, PCCW continues to enhance Hong Kong's role as a regional center of technological excellence through innovative services in new generation fixed-line and mobile telephony, broadband, information technology, wireless communications, and IPTV (through its successful now TV network operated by PCCW subsidiary PCCW Media Limited). PCCW also provides cutting-edge technical services to network operators worldwide. PCCW subsidiary Pacific Century Premium Developments Limited is engaged in property development.

To learn more about PCCW, go to www.pccw.com.

About PCCW Global

Headquartered in Hong Kong, Herndon, Virginia in the US and London in the UK, and with teams in Europe, Asia and the Americas, PCCW Global offers an extensive range of international data and voice services, plus a full suite of value-added services. These include business-class Private Leased Line, ATM/frame relay and IP and hosted PBX solutions to carriers, service providers and enterprises over a global network covering more than 70 countries. PCCW Global is the worldwide business unit of PCCW Limited, one of Asia's leading players in Information & Communications Technologies (ICT).

For more information, please contact:

Ivan Ho
Corporate Communications
Tel: 2883 8747
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