NTT Docomo agrees to sell stake in Hutchison Telephone
Mar 29, 2019
TOKYO, JAPAN, March 29, 2019 --- NTT DOCOMO, INC. and Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) announced today that DOCOMO will sell its stake in Hutchison Telephone Company Limited (HTCL), a mobile network operator in Hong Kong and Macau, and Hutchison 3G HK Holdings Limited (H3GHK) to HTHKH, the major shareholder of HTCL and H3GHK, for 60 million US dollars.
HTHKH will purchase DOCOMO's entire 24.1% share of HTCL's stock and thereafter HTCL will become a wholly owned subsidiary of HTHKH. The contract was signed today and the actual transfer of shares will take place in May 2019.
Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.