New World PCS explained

New World PCS
Type:subsidiary
Foundation: in British Hong Kong[1]
Native Name:新世界流動電話有限公司
Native Name Lang:zh-hk
Location City:Hong Kong SAR
Location Country:China
Defunct:2008
Fate:merged with sister company
Successor:CSL Limited
Area Served:Hong Kong
Industry:Mobile communication
Brands:New World Mobility
Parent:CSL New World Mobility

New World PCS Limited (abb. NWPCS) was a mobile network operator (MNO) of Hong Kong.

History

New World PCS Limited was a subsidiary of New World Development that was incorporated on 16 February 1995. In 1997 the brand New World Mobility was launched.[2]

In 2004 New World Development started to own the MNO via another listed intermediate holding company New World Mobile Holdings.[3] [4] Previously, New World PCS Holdings, the direct parent company of New World PCS, as well as New World Telecommunications, were sister companies that under the same direct parent company New World Telephone Holdings, which in turn it was owned by New World Development.

In 2006, NWPCS merged with Hong Kong CSL to form CSL New World Mobility,[5] an intermediate holding company that was owned by Telstra (76.4%)[5] and New World Development (23.6%).[6] [5] It is no longer the direct subsidiary of New World Mobile Holdings Limited and New World Development.[5] [7] [8]

In 2008 New World PCS Limited was renamed to CSL Limited,[1] with the old CSL (Hong Kong CSL Limited) became its subsidiary.[9] However, the brand New World Mobility was still used by the group in the same year (used by New World Mobility Limited, a joint venture of CSL Limited[9]), which eventually became Sun Mobile in 2014.

Notes and References

  1. Data in Hong Kong Companies Registry
  2. Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2005/1026/00862/F103.pdf. Corporate Profile. 2004–05 Annual Report. 26 October 2005. New World Mobile Holdings. Hong Kong. Hong Kong Exchanges and Clearing website.
  3. Web site: Company Background of New World Mobility . 2019-05-05 . https://web.archive.org/web/20080329094910/http://www1.nwmobility.com/html/main_page.jsp?LANG=C&url=http%3A%2F%2Fwww1.nwmobility.com%2Fhtml%2Fchi%2Faboutus%2Faboutus_main_2.jsp . 2008-03-29 . dead .
  4. Proposed Acquisition of New World PCS Holdings Limited by Asia Logistics Technologies Limited. 1 April 2004. 27 February 2018. New World Development. Hong Kong.
  5. News: https://hk.finance.appledaily.com/finance/daily/article/20051210/5473938. zh: CSL新移動組合營擬09年上市 . 10 December 2005. 28 February 2018. Apple Daily. Next Media. Hong Kong. zh-hk.
  6. New World PCS and Hong Kong CSL Mobile Merger Completed. 31 March 2006. 28 February 2018. New World Development. Hong Kong.
  7. Web site: New World PCS and Hong Kong CSL Mobile Merger Completed . 2008-12-12 . https://web.archive.org/web/20070221204636/http://www.newworldmobile.com.hk/eng/pdf/PR20060331e.pdf . 2007-02-21 . dead .
  8. Web site: New World Mobility Customer Charter . 2008-12-12 . https://web.archive.org/web/20070415194005/http://www.ofta.gov.hk/en/tele-lic/pcsc-nw.pdf . 2007-04-15 . dead .
  9. Joint Announcement. 20 December 2013. 28 February 2018. PCCW Limited and HKT Trust c/o HKT Limited. Hong Kong Exchanges and Clearing website.