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Mar 29, 2019 19:25 JST

Source: NTT DOCOMO

NTT DOCOMO Agrees to Sell Stake in Hutchison Telephone

TOKYO, Mar 29, 2019 - (JCN Newswire) - 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.

Contact:
NTT DOCOMO
International PR
Public Relations Department
Tel: +81-3-5156-1366    
Fax: +81-3-5501-3408
Source: NTT DOCOMO
Sectors: Telecoms, 5G, Wireless, Apps

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

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