Hong Kong Telecom

HKT Trust and HKT Limited provides telecommunications services in Hong Kong, Mainland China, and internationally. It operates through Telecommunications Services, Mobile, Pay TV, and Other Businesses segments. The Telecommunications Services segment offers telecommunications and related services, including local telephony, local data and broadband, and international telecommunications, as well as enterprise solutions; and other telecommunications businesses, such as customer premises equipment sales, outsourcing, consulting, and contact centers. The Mobile segment provides mobile telecommunications services. The Pay TV segment offers interactive pay-TV services. The Other Businesses segment provides financial services, such as mobile payments, merchant services, O2O solutions, and a mobile financing platform; and The Club, a loyalty program. The company also offers 5G, cloud computing, Internet of Things, and artificial intelligence solutions to enterprises; web services; network-based telecommunications and satellite-based services; outsourced contact center services; customer and consultancy services; customer relationship and customer contact management solutions and services; telecommunications call center services; and insurance and reinsurance services. In addition, it provides system integration, software development, and technical consultancy services; and sells mobile handsets and accessories, as well as telecommunication products and services. Further, the company sells advertising in various telephone directories and on the Internet; distributes media content; and publishes directories. The company was incorporated in 2011 and is headquartered in Quarry Bay, Hong Kong. HKT Trust and HKT Limited is a subsidiary of PCCW Limited.

Domestic telecommunications facilities in Hong Kong became more advanced in 1925 when the Hong Kong Telephone Company Limited took over the interests of John Pender's China and Japan Telephone and Electric Company. The company's mandate included providing all the British colonies with local telephone services. Over the next six decades Hong Kong Telephone's line capacity grew to more than 2.5 million, with the company serving approximately six million people.Telecommunications became increasingly important following World War I, and in 1929 the British companies Marconi Wireless and Eastern Telegraph joined to establish Cable & Wireless. The company's strategy was to supply telephone and telegraph services in Britain's colonies, and it succeeded in securing an exclusive franchise to provide international communications services in Hong Kong.By 1972 the company's biggest operation was its subsidiary in rapidly growing Hong Kong. Hong Kong Telephone, meanwhile, built a new headquarters in 1972. The company's growth was said to typify the colony's transition from an economy based on manufacturing to one dependent on service industries, which created a demand for telecommunications services. In 1975 Hong Kong Telephone's franchise for domestic service in the colony was extended for an additional 20 years, to expire just ahead of Hong Kong's reversion to China's control in 1997.

Chronology

Hong Kong Telephone Company

1906: China and Japan Telephone and Electric Company acquired a 25-year franchised licence on fixed-line.

1925: China and Japan Telephone and Electric Company was acquired by Hong Kong Telephone Company Limited . The government also granted HKTC a 50 years franchised licence on telephone service.

1968: HKTC's franchise was extended for another 20 years.

1983: HKTC started to build their own mobile radiotelephone service, which was supplied and installed by NEC; in the next year the service went public under HKTC's subsidiary Communication Services Limited

Cable and Wireless

1871: The predecessor of Cable & Wireless established its Hong Kong branch, for its submarine communications cables that connect from Hong Kong to Saigon, Fuzhou, Manila, Labuan and Macau

1962: Cable & Wireless acquired a 25-year franchise for telephone and telegraph services

1981: The Hong Kong branch of Cable & Wireless plc was incorporated as Cable and Wireless Limited . Hong Kong government was a minority shareholder for 20%.

1983: Cable and Wireless acquired 34.8% shares of HKTC from Jardine Matheson.

1986: Cable & Wireless also announced plans for an underwater optical fibre cable connecting Hong Kong with Japan and South Korea , to become operational in 1990.

Hong Kong Telecommunications

1987: Cable & Wireless and Hong Kong Telephone Company merged to form a new telecommunications group, with the new holding company called Hong Kong Telecommunications Limited, replacing Hong Kong Telephone Company as a listed company on the stock exchange of Hong Kong and as one of the constituents of Hang Seng Index . Government of Hong Kong owned around 5.5% shares of the new company immediately after the merger; Cable & Wireless plc remained as the largest shareholder.

1990: Chinese government controlled CITIC Hong Kong acquired 20% shares of Hong Kong Telecommunications from former British state owned enterprise Cable & Wireless plc.

1995: HKTC's franchise expired. HKTC was one of the 4 companies to receive the new licence in local fixed-line services

1999: Hong Kong Telecommunications Limited was renamed to Cable & Wireless HKT; the subsidiaries, HKTC was renamed to Cable & Wireless HKT Telephone Limited; HKTI was renamed to Cable & Wireless HKT International.

2000: Cable & Wireless HKT was acquired by PCCW. Cable & Wireless HKT was renamed to PCCW-HKT Limited; the subsidiary HKTC was renamed to PCCW-HKT Telephone Limited; while HKTI was renamed to PCCW-HKT International

2001: the subsidiary HKTI was renamed to Reach Networks Hong Kong, it became a wholly owned subsidiary of Reach Limited instead, a joint venture of PCCW and Telstra; 60% stake of CSL was also sold to Telstra

2002: the remaining stake of CSL, the only mobile network operator of the group, was sold to Telstra

2005: PCCW-HKT takeover Sunday Communications, relaunching its mobile network operator as PCCW Mobile

2007: PCCW-HKT Telephone acquired the licence of CDMA2000 mobile network operator, and launched the services in the next year.

2008 to 2011: Hong Kong Telecommunications Limited was incorporated; Moody's ceased to assign credit rating to PCCW-HKT Telephone Limited and assign a new rating to Hong Kong Telecommunications Limited instead; it was reported that PCCW-HKT Telephone would become dormant. In the same year, some of the subsidiaries of PCCW, were transferred to an intermediate holding company HKT Group Holdings Limited , for example PCCW Global, PCCW Mobile, PCCW Media, PCCW Solutions, and engineering division Cascade Limited.:?166? However, PCCW re-organised HKTGH again in the eve of the 2011 IPO of HKT Limited, which some non-telecommunications businesses were spin-off from HKTGH.:?167? PCCW Media and PCCW Solutions for example, were directly owned by PCCW again. Also, HKTGH became a subsidiary of HKT Limited.:?169

HKT Limited

2011: PCCW made HKT Limited, c/o HKT Trust, a spin-off business that separate listing on the Hong Kong stock exchange.

2012: HKT's PCCW Global acquired Gateway Communications, a satellite services provider

2014: HKT re-acquired CSL from Telstra and New World Development; CSL and PCCW Mobile merged, with CSL as the surviving brand; the brand New World Mobility of the former CSL New World Mobility Group was renamed to Sun Mobile

2017: HKT and subsidiary PCCW Global jointly-acquired Console Connect, a provider of global interconnection solution.

Our mission is to utilize our services to empower, connect and transform communities and businesses by: minimizing the environmental impacts of our business, and helping our customers to do the same through our products and services; valuing and developing our talented team; promoting corporate social responsibility principles throughout our operations and supply chain; pioneering products and services that make people live better and help businesses thrive; and addressing and responding to the needs and concerns of communities through social partnerships, thereby making them a better place to live in.

To be an ethically, socially and environmentally responsible provider of telecommunications and related services that delivers an excellent customer experience while supporting and connecting the communities we serve.