WTT HK
 | |
| Company type | Private |
|---|---|
| Industry | Telecommunication |
| Founded | 1995 |
| Headquarters | KITEC, 1 Trademart Drive, Kowloon Bay, Kowloon, , |
Area served | Hong Kong |
| Owner | TPG Capital MBK Partners |
| Subsidiaries | COL Limited Wharf T&T eBusiness Limited |
| Website | wtthk |
WTT HK Limited (Chinese: 滙港電訊有限公司), is, as of 2010, the second largest fixed line telecommunication operator in Hong Kong.[1]
A member of TPG Capital and MBK Partners,[1] it was formerly known as Wharf T&T Limited (Chinese: 九倉電訊有限公司),[2][non-primary source needed] New T&T Limited (Chinese: 香港新電訊有限公司)[3][4] and Wharf New T&T Limited (Chinese: 九倉新電訊有限公司).[5]
History
Established in 1995 as New T&T Limited,[6] it was one of the first[citation needed] telecommunication operators to be offered a fixed line license after the Hong Kong Government decided to open this market to competition;[7] Cable & Wireless Hong Kong Telecom had heretofore enjoyed a monopoly.[4] The next year New T&T Limited was offering IDD service and residential fixed-line services.[8]
Making its first net profit in financial year 2001,[9] it was soon after renamed Wharf New T&T Limited.[10]
Another name change, in 2003, yielded Wharf T&T Limited.[11]
By 2006, the company decided to differentiate its offerings by providing some services through a different unit; Wharf T&T would focus on business clients and subsidiary i-Cable Communications, residential ones.[12]
In 2007, it founded Wharf T&T eBusiness Limited, a subsidiary that delivers broadband applications and web applications to SME customers.[13]
In 2016, MBK Partners, North Asia’s buyout firm, and TPG, a global alternative asset firm, have completed the acquisition of Wharf T&T Limited from The Wharf (Holdings) Limited on 9 November 2016. [14]
In 2017, Wharf T&T Limited announced the Company name change to WTT HK Limited (“WTT”).[15]
Subsidiaries
Subsidiaries include COL Limited, which provides IT services to businesses having more than "36 years experience in the IT sector";[6] i-Cable Communications, which provides residential services;[12] and Wharf T&T eBusiness Limited (WeB), which was established in January 2007 and is an Internet service provider catering to SMEs.[6]
External links
References
- ^ a b Company Background WTT HK Official Site
- ^ [1] WTT HK Official Site
- ^ New T&T asiaxpat.com
- ^ a b Interconnection - Lecture Notes International Telecommunication Union, Asia Pacific Centre of Excellence - Telecommunications
- ^ Wharf New T&T Limited legco.gov.hk
- ^ a b c Member's Profile - Wharf T&T Limited Communications Association of Hong Kong
- ^ Milestone of Wharf T&T (1995) Wharf T&T Official Site
- ^ Milestone of Wharf T&T (1996) Wharf T&T Official Site
- ^ Consistent Growth Delivers Net Profit for Wharf New T&T Wharf T&T Official Site
- ^ Business and Financial Review hkexnews.hk
- ^ Wharf T&T Limited Wharf T&T Official Site
- ^ a b Wharf T&T reports 89% increase in profit COL Official Site
- ^ NEC and Wharf T&T Signed VIP Reseller Agreement NEC Official Site, 22 May 2008
- ^ [2] WTT HK Official Site, 10 Nov 2016
- ^ [3] WTT HK Official Site, 15 June 2017