|
WTT HK
WTT HK Limited (Chinese: 滙港電訊有限公司), was the second largest fixed-line telecommunication operator in Hong Kong.[1][better source needed] In 2018, it was acquired by competitor HKBN and renamed to HKBN Enterprise Solutions HK Limited. A member of the business groups TPG Capital and MBK Partners,[1] as well as formerly The Wharf (Holdings), WTT HK was formerly known as Wharf T&T Limited (Chinese: 九倉電訊有限公司),[2][non-primary source needed] New T&T Limited (Chinese: 香港新電訊有限公司)[3][4] and Wharf New T&T Limited (Chinese: 九倉新電訊有限公司).[5] History Established in 1995 as New T&T Limited,[6] it was one of the first[citation needed] telecommunication operators to be offered a fixed line license after the Hong Kong Government decided to open this market to competition;[7] Cable & Wireless Hong Kong Telecom had heretofore enjoyed a monopoly.[4] The next year New T&T Limited was offering IDD service and residential fixed-line services.[8] Making its first net profit in financial year 2001,[9] it was soon after renamed Wharf New T&T Limited.[10] Another name change, in 2003, yielded Wharf T&T Limited.[11] By 2006, the company decided to differentiate its offerings by providing some services through a different unit; Wharf T&T would focus on business clients and subsidiary i-Cable Communications, residential ones.[12] In 2007, it founded Wharf T&T eBusiness Limited, a subsidiary that delivers broadband applications and web applications to SME customers.[13] In 2016, MBK Partners, North Asia’s buyout firm, and TPG, a global alternative asset firm, completed the acquisition of Wharf T&T Limited from The Wharf (Holdings) Limited on 9 November 2016. [14] In 2017, Wharf T&T Limited announced the Company name change to WTT HK Limited (“WTT”).[15] However, in 2018, it was announced that WTT HK would be merged with HKBN.[16][17] The deal was approved by the regulators[18] and completed in the same year.[19] In September 2019, WTT HK Limited was renamed into HKBN Enterprise Solutions HK Limited, as part of HKBN's unit HKBN Enterprise Solutions.[20] SubsidiariesSubsidiaries include COL Limited, which provides IT services to businesses having more than "40 years experience in the IT sector";[6] and WTT eBusiness Limited (WeB), which was established in January 2007 and is an Internet service provider catering to SMEs.[6] References
External links |
||||||||||||||||||||||||
