WTT HK Limited (), was the second largest fixed-line telecommunication operator in Hong Kong. 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, as well as formerly The Wharf (Holdings), WTT HK was formerly known as Wharf T&T Limited (), WTT HK Official Site New T&T Limited ()New T&T asiaxpat.comInterconnection - Lecture Notes International Telecommunication Union, Asia Pacific Centre of Excellence - Telecommunications and Wharf New T&T Limited ().Wharf New T&T Limited legco.gov.hk
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 after the Hong Kong Government decided to open this market to competition;Milestone of Wharf T&T (1995) Wharf T&T Official Site Cable & Wireless Hong Kong Telecom had heretofore enjoyed a monopoly. The next year New T&T Limited was offering IDD service and residential fixed-line services.Milestone of Wharf T&T (1996) Wharf T&T Official Site
Making its first net profit in financial year 2001,Consistent Growth Delivers Net Profit for Wharf New T&T Wharf T&T Official Site it was soon after renamed Wharf New T&T Limited.Business and Financial Review hkexnews.hk
In 2003, the name had changed into Wharf T&T Limited.Wharf T&T Limited Wharf T&T Official Site
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.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 applications and web applications to SME customers.NEC and Wharf T&T Signed VIP Reseller Agreement NEC Official Site, 22 May 2008
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. WTT HK Official Site, 10 Nov 2016
In 2017, Wharf T&T Limited announced the Company name change to WTT HK Limited (“WTT”). WTT HK Official Site, 15 June 2017
However, in 2018, it was announced that WTT HK would be merged with HKBN. 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. References
External links
COL Limited Wharf T&T eBusiness Limited
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