WTT HK
Template:Short description Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".
WTT HK Limited (Template:Zh), was the second largest fixed-line telecommunication operator in Hong Kong.[1]Template: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 (Template:Zh),[2]Script error: No such module "Unsubst". New T&T Limited (Template:Zh)[3][4] and Wharf New T&T Limited (Template:Zh).[5]
History
Established in 1995 as New T&T Limited,[6] it was one of the firstScript error: No such module "Unsubst". 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]
Subsidiaries
Subsidiaries 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
<templatestyles src="Reflist/styles.css" />
- ↑ a b Script error: No such module "citation/CS1".
- ↑ [1] WTT HK Official Site
- ↑ New T&T asiaxpat.com
- ↑ a b Interconnection - Lecture Notes International Telecommunication Union, Asia Pacific Centre of Excellence - Telecommunications
- ↑ Wharf New T&T Limited legco.gov.hk
- ↑ a b c Member's Profile - Wharf T&T Limited Communications Association of Hong Kong
- ↑ Milestone of Wharf T&T (1995) Wharf T&T Official Site
- ↑ Milestone of Wharf T&T (1996) Wharf T&T Official Site
- ↑ Consistent Growth Delivers Net Profit for Wharf New T&T Wharf T&T Official Site
- ↑ Business and Financial Review hkexnews.hk
- ↑ Wharf T&T Limited Wharf T&T Official Site
- ↑ Wharf T&T reports 89% increase in profit COL Official Site
- ↑ NEC and Wharf T&T Signed VIP Reseller Agreement NEC Official Site, 22 May 2008
- ↑ [2] WTT HK Official Site, 10 Nov 2016
- ↑ [3] WTT HK Official Site, 15 June 2017
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
- Script error: No such module "Official website".Script error: No such module "Check for unknown parameters".
- COL Limited
- Wharf T&T eBusiness Limited