News/PR / Telecom

NTT Docomo sells its stake in Hutchison Telephone to Hutchison Telecommunications

Hutchison Telecommunications

The leading Japanese mobile phone operator NTT Docomo has agreed to sell its stake in Hutchison Telephone Company Limited (HTCL) and Hutchison 3G HK Holding Limited (H3GHK), to Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH).

Based in Hong Kong, the Hutchison Telecommunications is a predominate telecom operator. It has purchased the shares in HTCL and H3GHK from Docomo for $60 million.

Hutchison Telecommunications holds a majority of shares in HTCL and H3GHK, while NTT Docomo held 24.1% shares in HTCL’s stock. It has purchased all the shares in HTCL and has made it a wholly owned subsidiary.

Also read: Sony and DOCOMO to test driverless concept vehicle via 5G trial network in Guam

The contract has been signed between both the companies and the actual transfer of shares will occur in May this year.

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>