M&A Deal Summary |
|
|---|---|
| Date | 2013-12-20 |
| Target | Hong Kong CSL |
| Sector | Communications |
| Buyer(s) | HKT Trust and HKT |
| Sellers(s) | New World Development |
| Deal Type | Divestiture |
| Deal Value | 2.4B USD |
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| Category | Company |
|---|---|
| Founded | 2011 |
| Sector | Communications |
| Employees | 13,400 |
| Revenue | 34.3B HKD (2023) |
HKT Trust and HKT is a telecommunications service provider. HKT Trust and HKT was founded in 2011 and is headquartered in Quarry Bay, China.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Communications) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (China) | 1 of 1 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1970 |
| Sector | Real Estate |
| Employees | 13,000 |
| Revenue | 95.2B HKD (2023) |
New World Development is a diversified holding company with a focus on property development, New World Group’s core business areas include property development, infrastructure and service, department store and hotel, boasting businesses in over 50 cities. New World Development was founded in 1970 and is based in Hong Kong, China.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Communications) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| Country (China) | 2 of 2 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-01 |
Hong Kong CSL
Hong Kong, China Hong Kong CSL Ltd. offers three brand names of 2G and 3G mobile phone services, including New World Mobility, 1010 and one2free. |
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