SingTel, NewsCorp unlikely to make counterbid for C&W HKT

It's getting to crunch time in the Cable & Wireless HKT (C&W HKT) bid saga and there is growing talk Singapore Telecommunications (SingTel) and News Corp, possibly in partnership with another global telecoms giant, are preparing an offer in excess of $30 billion - well above the current worth of Pacific Century CyberWorks' (PCCW) recommended offer.