NTT Communications ups stake in HKNet

Japanese telecom giant takes majority ownership of Hong KongÆs second largest ISP.

NTT Communications, the long-distance unit of Nippon Telegraph and Telephone, has paid HK$125 million $16 million to purchase 26% of HKNet from CCT Telecom Holdings, adding to its original 49% stake in the internet service provider ISP.

In addition to the existing shares, HKNet has also issued HK$142 million in new shares, of which CCT acquired HK$12 million and NTT Communications HK$130 million, bringing the Japanese companys total stake...

To continue reading, please login or register for free

Click for more on: ntt | communications | ups | stake | hknet

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...