M&A Deal Summary

PCCW Acquires Hutchison Corporate Access

On February 22, 2001, PCCW acquired technology hardware company Hutchison Corporate Access from Hutchison Whampoa for 103M USD

Acquisition Highlights
  • This is PCCW’s 1st transaction in the Technology Hardware sector.
  • This is PCCW’s largest (disclosed) transaction.
  • This is PCCW’s 1st transaction in China.

M&A Deal Summary
Date 2001-02-22
Target Hutchison Corporate Access
Sector Technology Hardware
Buyer(s) PCCW
Sellers(s) Hutchison Whampoa
Deal Type Divestiture
Deal Value 103M USD

Target

Hutchison Corporate Access

China
Hutchison Corporate Access a provider of private satellite-based data communications networks.HCA offers a service that lets companies exchange data among offices via VSAT (very small aperture terminal) rooftop satellite dishes.

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Buyer(S) 1

Buyer

PCCW

Quarry Bay, China

website

Category Company
Founded 1925
Sector Communications
Employees21,200
Revenue 38.7B HKD (2021)
DESCRIPTION

PCCW is a Hong Kong-based company which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses. The Company holds a majority interest in HKT, Hong Kong's premier telecommunications service provider. HKT meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting, and contact centers. PCCW was founded in 1925 and is based in Quarry Bay, China.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 PCCW - Data Center Business

Hong Kong, China

PCCW's Data Center Business serving global hyper-scale and large enterprise customers via a rapidly growing network of facilities. PCCW's Data Center Business is based in Hong Kong.

Sell -

Seller(S) 1

SELLER

Hutchison Whampoa

Hong Kong, China

website

Category Company
Sector Diversified
Employees280,000
Revenue 266.4B HKD (2020)
DESCRIPTION

Hutchison Whampoa is a multinational conglomerate committed to innovation and technology. HWL has six core businesses ports and related services, property and hotels, retail, infrastructure, energy, and telecommunications. Hutchison Whampoa is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 2
Country (China) 1 of 2
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-14 H3G

Trezzano sul Naviglio,, Italy

First operator in the world to launch UMTS services on a commercial scale in 2003, 3 Italy offers today a wide range of communications services, faster Internet and Mobile TV to 9.7 million customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-18 Swingfield Developments

Virgin Islands (British)

Swingfield Developments Limited a Indirect 50:50 joint venture of Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd.

Buy -
Mergr

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