WTT HK Limited (), was the second largest

fixed line A landline (land line, land-line, main line, home phone, fixed-line, and wireline) is a telephone connection that uses metal wires or optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses ...

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

operator in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

. In 2018, it was acquired by competitor

HKBN HKBN Ltd., commonly known for its subsidiary Hong Kong Broadband Network Limited (), is a Hong Kong-based Internet, communication and telecommunication company. HKBN was established on 23 August 1999, it is one of the largest residential and en ...

and renamed to HKBN Enterprise Solutions HK Limited. A member of the business groups

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth c ...

and MBK Partners, as well as formerly

The Wharf (Holdings) The Wharf (Holdings) Limited (), or Wharf (九倉) in short, is a company founded in 1886 in Hong Kong. As its name suggests, the company's original business was in running wharfage and dockside warehousing, and it was originally known as Th ...

, WTT HK was formerly known as Wharf T&T Limited (), New T&T Limited ()Interconnection - Lecture Notes
International Telecommunication Union, Asia Pacific Centre of Excellence - Telecommunications and Wharf New T&T Limited ().

History

Established in 1995 as New T&T Limited,Member's Profile - Wharf T&T Limited
Communications Association of Hong Kong it was one of the first telecommunication operators to be offered a fixed line

license A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreeme ...

after the Hong Kong Government decided to open this market to competition; Cable & Wireless Hong Kong Telecom had heretofore enjoyed a

monopoly A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situati ...

. The next year New T&T Limited was offering

IDD Idd is a parish and former municipality in Halden, Østfold county, Norway. The parish of ''Id'' was established as a municipality January 1, 1838 (see formannskapsdistrikt). The rural municipality was (together with Berg) merged with the city o ...

service and residential fixed-line services. Making its first

net profit In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, a ...

in financial year 2001, it was soon after renamed Wharf New T&T Limited. Another name change, in 2003, yielded Wharf T&T Limited. By 2006, the company decided to differentiate its offerings by providing some services through a different unit; Wharf T&T would focus on

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for pr ...

clients and subsidiary

i-Cable Communications i-Cable Communications Limited () is Hong Kong telecommunications company owned by Forever Top (Asia) Limited, which acquired the company from The Wharf Group in 2017. Founded in 1999, the company provides broadband internet and pay-TV servic ...

residential A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residen ...

ones.Wharf T&T reports 89% increase in profit
COL Official Site In 2007, it founded Wharf T&T eBusiness Limited, a subsidiary that delivers

broadband In telecommunications, broadband is wide bandwidth data transmission which transports multiple signals at a wide range of frequencies and Internet traffic types, that enables messages to be sent simultaneously, used in fast internet connections. ...

applications and

web application A web application (or web app) is application software that is accessed using a web browser. Web applications are delivered on the World Wide Web to users with an active network connection. History In earlier computing models like client-serve ...

s to

SME SME may refer to: Economics * Small and medium-sized enterprises * Socialist market economy, an economic system of China Organizations Music * SME Limited, UK audio turntable manufacturer * Sony Music Entertainment, US * Spontaneous Music Ensembl ...

customers. 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. In 2017, Wharf T&T Limited announced the Company name change to WTT HK Limited (“WTT”). However, in 2018, it was announced that WTT HK will be merged with

. The deal was approved by the regulators and completed in the same year. In September 2019, WTT HK Limited was renamed into HKBN Enterprise Solutions HK Limited, as part of HKBN's unit HKBN Enterprise Solutions.

Subsidiaries

Subsidiaries include COL Limited, which provides IT services to businesses having more than "40 years experience in the IT sector"; and WTT eBusiness Limited (WeB), which was established in January 2007 and is an Internet service provider catering to

SMEs Superconducting magnetic energy storage (SMES) systems store energy in the magnetic field created by the flow of direct current in a Superconductivity, superconducting coil which has been Cryogenics, cryogenically cooled to a temperature below ...

References

External links

* {{official website, http://www.wtthk.com
COL LimitedWharf T&T eBusiness Limited
Telecommunications companies established in 1995 Telecommunications companies disestablished in 2019 Telecommunications companies of Hong Kong The Wharf (Holdings) Internet service providers of Hong Kong Privately held companies of Hong Kong zh:滙港電訊