Tuesday , 21 August 2018
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Hong Kong telecoms carriers bulk up for battle with HKT

Hong Kong telecoms carriers bulk up for battle with HKT

The combination of two challenger telecoms providers means for the first time in Hong Kong businesses have a credible alternative to the overweening incumbent, Hong Kong Telecommunications HKT.

Hong Kong’s biggest residential carrier HKBN is buying the territory’s second-largest fixed-line telecoms operator for businesses WTT, formerly known as Wharf TT, in an all-stock deal that enlarges HKBN’s share base by 47%.

Buyout firms MBK Partners and TPG…

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