Most analysts had expected PCCW would use the entire proceeds to repay the company's debts.
大部分分析员都预期电盈会把全部收益用作偿还债务。
An agreement reached when China Netcom acquired its stake in PCCW in 2005 had in effect given it a veto over any large share sales.
中国网通在2005年收购PCCW股权时达成的协议使它有权力否决任何大的股权交易。
PCCW has proposed a five-for-one share consolidation.
电讯盈科计划合股，股份五合一。
In case of disputes, PCCW reserves the right to make the final decision.
如有任何争议，电讯盈科保留最终决定权。
Accordingly, a number of special conditions previously imposed on PCCW have now been removed.
原来强加于电讯盈科的若干特别条件也相应得以解除。
PCCW is now advising telecoms firms in several countries about how to emulate its successful roll-out of IPTV.
PCCW目前正在为多个国家的电信公司提供建议，协助他们成功开通IPTV。
Last month, PCCW also ended talks to sell a 45% stake in its main telecommunications and media assets, saying buyout offers weren't sufficient.
上个月，电讯盈科还终止了出售其核心电信和媒体资产45%股份的谈判，称收购方的报价过低。
Market participants have long anticipated PCCW would be removed from the Hang Seng Index because the telephone company has had low trading volume since 2004.
由于电讯盈科自2004年以来一直成交低迷，市场参与者早就预计这家电话公司会被剔出恒生指数成份股。
PCCW IMS Limited reserves the right to terminate the above Offer, to adjust all fees & charges and to amend the Terms & Conditions at any time without prior notice.
电讯盈科互动多媒体有限公司保留权利随时终止以上优惠，或调整有关费用与条款及细则而无须另行通知。
PCCW IMS Limited reserves the right to terminate the above Offer, to adjust all fees & charges and to amend the Terms & Conditions at any time without prior notice.
电讯盈科互动多媒体有限公司保留权利随时终止以上优惠，或调整有关费用与条款及细则而无须另行通知。
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