Sun, Jun 02, 2002 - Page 10 News List

Softbank fund will not place a bid for Global Crossing

BLOOMBERG , HAMILTON, BERMUDA

China Netcom Communication Group Corp, China's second-biggest fixed-line telephone company, said this week that it plans to bid. Purple Communications Ltd, a closely held, Hong Kong-based telecommunications company, also plans to make an offer, the Asian Wall Street Journal reported earlier today.

Hutchison, a ports and tele-communications group, said in April it was considering an offer. The company said yesterday that it won't make one.

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