Investment Summary

Hutchison Telecommunications Hong Kong Holdings Invests In PowerCom Network Hong Kong

On March 12, 2004, Hutchison Telecommunications Hong Kong Holdings invested in internet software and services company PowerCom Network Hong Kong from CK Hutchison and CLP Telecommunications for 391M HKD

Investment Highlights
  • This is Hutchison Telecommunications Hong Kong Holdings’ 1st transaction in the Internet Software and Services sector.
  • This is Hutchison Telecommunications Hong Kong Holdings’ largest (disclosed) transaction.
  • This is Hutchison Telecommunications Hong Kong Holdings’ 1st transaction in China.

Investment Summary

Date 2004-03-12
Target PowerCom Network Hong Kong
Sector Internet Software and Services
Investor(s) Hutchison Telecommunications Hong Kong Holdings
Sellers(s) CK Hutchison
CLP Telecommunications
Deal Type Stake Purchase
Deal Value 391M HKD

Target

PowerCom Network Hong Kong

Hong Kong, China
PowerCom Network Hong Kong Ltd,offers innovative Internet access services to resdential homes and hotels in Hong kong.

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Investor(S) 1

Investor

Hutchison Telecommunications Hong Kong Holdings

Hong Kong, China

Category Company
Founded 2007
Sector Communications
Employees1,229
Revenue 4.9B HKD (2023)
DESCRIPTION

Hutchison Telecommunications Hong Kong Holdings is an established integrated telecommunications operator with a solid track record in world-class telecommunications services. Hutchison Telecommunications Hong Kong Holdings was founded in 2007 and is based in Hong Kong, China.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Stake Purchase) 1 of 1
Country (China) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-01 Partner 5G

Rosh Ha’ayin, Israel

Partner 5G is a provider of telecommunications services (cellular, fixed-line telephony and internet services) under the orange brand. Partner 5G was founded in 1997 and is based in Rosh Ha’ayin, Israel.

Sell -

Seller(S) 2

SELLER

CK Hutchison

Hong Kong, China

Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 275.6B HKD (2023)
DESCRIPTION

CK Hutchison is a property development and strategic investment company. CK Hutchison is one of the largest developers in Hong Kong of residential, commercial, and industrial properties. CK Hutchison was founded in 1828 and is headquartered in Hong Kong, China.


DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Stake Purchase) 1 of 1
Country (China) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 2 of 2
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 -
SELLER

CLP Telecommunications

Hong Kong, China

Category Company
Sector Communications
DESCRIPTION

CLP Telecommunications the electricity supply utility for Kowloon and the New Territories,a network for high capacity switching and trunk transmission within Hong Kong,


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Stake Purchase) 1 of 1
Country (China) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1