Company type | Private |
---|---|
Industry | Telecommunication |
Founded | 1995 |
Defunct | 2019 |
Fate | acquired by HKBN |
Successor | HKBN Enterprise Solutions HK Limited |
Headquarters | Kowloon Bay, |
Area served | Hong Kong |
Owner | |
Subsidiaries |
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Website |
wtthk |
WTT HK Limited ( Chinese: 滙港電訊有限公司), was the second largest fixed-line telecommunication operator in Hong Kong. [1][ better source needed] In 2018, it was acquired by competitor HKBN and renamed to HKBN Enterprise Solutions HK Limited.
A member of the business groups TPG Capital and MBK Partners, [1] as well as formerly The Wharf (Holdings), WTT HK 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]
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, 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]
However, in 2018, it was announced that WTT HK would be merged with HKBN. [16] [17] The deal was approved by the regulators [18] and completed in the same year. [19] In September 2019, WTT HK Limited was renamed into HKBN Enterprise Solutions HK Limited, as part of HKBN's unit HKBN Enterprise Solutions. [20]
Subsidiaries include COL Limited, which provides IT services to businesses having more than "40 years experience in the IT sector"; [6] and WTT eBusiness Limited (WeB), which was established in January 2007 and is an Internet service provider catering to SMEs. [6]