Lenovo’s parent plans $2B IPO in Hong Kong

The parent company of Lenovo Group – Legend Holdings — has been given approval by Hong Kong’s stock exchange for an IPO valued at an estimated $2 billion, Reuters reported. Legend will kick off a roadshow later in the month …

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HKT demos 450Mb/s LTE-A, plans launch in 2016

Hong Kong’s largest operator HKT and Chinese vendor Huawei said they have demonstrated LTE-Advanced service using tri-band carrier aggregation to achieve a theoretical peak download speed of 450Mb/s. The companies claimed to have tested the world’s first three-component carrier (3CC) …

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SmarTone CEO Li steps down

Douglas Li, CEO of Hong Kong mobile operator SmarTone, has resigned after being at the helm of the territory’s fourth largest operator for more than 18 years over two stints. In a statement the company said Li felt it was …

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SmarTone launches Add-on Numbers app

SmarTone has launched an app that gives users multiple mobile numbers on one phone. The Add-on Numbers app is available on all mobile networks in Hong Kong, including China Mobile, CSL, Sun Mobile, 1O1O and 3. It is compatible with …

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Hutch Telecom’s mobile turnover rises 35% as smartphone sales surge

Hong Kong-based Hutchison Telecom reported a 9 per cent increase in profit last year, as a sharp increase in smartphone sales offset a 10 per cent fall in mobile service turnover. Its profit rose to HKD833 million ($107 million) and …

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SmarTone’s profit jumps 50% on strong iPhone 6 sales

Hong Kong operator SmarTone’s net profit jumped 50 per cent in its fiscal H1 ending 31 December as handset and accessory sales expanded 58 per cent, thanks to huge demand for the iPhone 6. SmarTone CEO Douglas Li said its “bumper …

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HKT’s profit, revenue surge after CSL acquisition

HKT, Hong Kong’s largest mobile operator, reported double-digit growth in profit and revenue last year, as its acquisition of rival CSL more than doubled its mobile sales while the increased scale helped it reduce costs. The company’s net profit in …

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SmarTone’s new plans give users flexibility to upgrade smartphone

Hong Kong’s SmarTone has introduced unbundled plans that give customers the flexibility to upgrade their smartphones during the 12-month contract period at significant discounts. Customers opting for its 6GB or 10GB unbundled plans can buy a 4G smartphone, with the …

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The real winner in Hong Kong’s 3G auction: China Mobile

NEW BLOG: As expected, just three operators participated in Hong Kong’s auction on Monday for five 9.8-10MHz lots of 1.9-2.2GHz spectrum. Also not unexpected was that the final price per megahertz was just 2.5 per cent above the reserve price. …

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