Hutchison completes HGC sale

3 Oct 2017

Hutchison Telecommunications Hong Kong Holdings (HTHKH) has completed the sale of its domestic fixed line operation Hutchison Global Communications (HGC) to infrastructure investment management firm I Squared Capital. The HKD14.5 billion (USD1.86 billion) acquisition of HTHKH’s 100% interest in the fixed line operator was first announced in July this year. The disposal of HGC leaves HTHKH (a majority-owned subsidiary of CK Hutchison) with its core mobile business, 3 Hong Kong and sister operator 3 Macau.