Telco & CSP

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from NTT Docomo Media Center

Telco & CSP

NTT Docomo agrees to sell stake in Hutchison Telephone

Via NTT Docomo Media Center

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.

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