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MOP2
MOP2
1987: Cable & Wireless (Hong Kong) and Hong Kong Telephone Company merged to form a new telecommunications
group, with the new holding company called Hong Kong Telecommunications Limited, replacing Hong Kong Telephone
Company as a listed company on the stock exchange of Hong Kong[17][16] and as one of the constituents of Hang Seng In-
dex (the blue-chip index of HK). Government of Hong Kong owned around 5.5% shares of the new company immediately
after the merger; Cable & Wireless plc remained as the largest shareholder.[17]
1990: Chinese government controlled CITIC Hong Kong acquired 20% shares of Hong Kong Telecommunications from for-
mer British state owned enterprise Cable & Wireless plc.[16]
1995: HKTC's franchise expired. HKTC was one of the 4 companies to receive the new licence in local fixed-line services[14]
1999: Hong Kong Telecommunications Limited was renamed to Cable & Wireless HKT;[18] the subsidiaries, HKTC was re-
named to Cable & Wireless HKT Telephone Limited;[4][19] HKTI was renamed to Cable & Wireless HKT International.[4]
2000: Cable & Wireless HKT was acquired by PCCW. Cable & Wireless HKT was renamed to PCCW-HKT Limited;[20] the
subsidiary HKTC was renamed to PCCW-HKT Telephone Limited;[21] while HKTI was renamed to PCCW-HKT Interna-
tional[4]
2001: the subsidiary HKTI was renamed to Reach Networks Hong Kong,[4] it became a wholly owned subsidiary of Reach
Limited instead, a joint venture of PCCW and Telstra;[22] 60% stake of CSL was also sold to Telstra[23]
2002: the remaining stake of CSL, the only mobile network operator of the group, was sold to Telstra
2005: PCCW-HKT takeover Sunday Communications,[24][25] relaunching its mobile network operator as PCCW Mobile
2007: PCCW-HKT Telephone acquired the licence of CDMA2000 mobile network operator,[26] and launched the services in
the next year.[27]
2008 to 2011: Hong Kong Telecommunications (HKT) Limited was incorporated; Moody's ceased to assign credit rating to
PCCW-HKT Telephone Limited and assign a new rating to Hong Kong Telecommunications (HKT) Limited instead; it was
reported that PCCW-HKT Telephone would become dormant.[7] In the same year, some of the subsidiaries of PCCW, were
transferred to an intermediate holding company HKT Group Holdings Limited (HKTGH[28]: 42 ), for example PCCW
Global, PCCW Mobile, PCCW Media, PCCW Solutions, and engineering division Cascade Limited.[28]: 166 However, PCCW
re-organised HKTGH again in the eve of the 2011 IPO of HKT Limited, which some non-telecommunications businesses
were spin-off from HKTGH.[28]: 167 PCCW Media and PCCW Solutions for example, were directly owned by PCCW again.
[29]
Also, HKTGH became a subsidiary of HKT Limited.[28]: 169
HKT Limited[edit]
2011: PCCW made HKT Limited, c/o HKT Trust, a spin-off business that separate listing on the Hong Kong stock ex-
change.[9]
2012: HKT's PCCW Global acquired Gateway Communications, a satellite services provider[30]
2014: HKT re-acquired CSL (known as its holding company CSL New World Mobility) from Telstra and New World Devel-
opment; CSL and PCCW Mobile merged, with CSL as the surviving brand; the brand New World Mobility of the former CSL
New World Mobility Group was renamed to Sun Mobile
2017: HKT and subsidiary PCCW Global jointly-acquired Console Connect, a provider of global interconnection solution.[31]
[non-primary source needed]