Sunday Communications Explained
| Sunday Communications |
| Type: | Public |
| Foundation: | [1] |
| Defunct: | 2007 |
| Fate: | acquired by PCCW in 2005; dissolved in 2007 after its business was transferred to PCCW |
| Successor: | PCCW Mobile |
| Key People: | Alexander Anthony Arena (Chairman) |
| Area Served: | Hong Kong |
| Industry: | Mobile communication |
| Services: | mobile network operator |
| Revenue: | HK$1,159 million |
| Revenue Year: | 2005 |
| Net Income: | HK$−156 million |
| Net Income Year: | 2005 |
| Assets: | HK$2,685 million |
| Assets Year: | 2005 |
| Equity: | HK$513 million |
| Equity Year: | 2005 |
| Num Employees: | 908 |
| Num Employees Year: | Dec. 2005 |
| Parent: | PCCW Mobile Holding No.2 Limited |
| Subsid: | Mandarin Communications (trading as SUNDAY) |
| Footnotes: | based on last annual report in 2005[2] [3] |
Sunday Communications Limited (branded as SUNDAY Communications) is a Cayman Islands incorporated holding company, but headquartered and listed in Hong Kong. It is the parent company of a mobile network operator of Hong Kong, Mandarin Communications (do business as SUNDAY[4]).
History
Sunday Communications Limited, was registered in Hong Kong as a foreign company in 2000; it was a listed company on the Stock Exchange of Hong Kong since March 2000. The group, via a subsidiary, Hong Kong incorporated Mandarin Communications (trading as SUNDAY), was a mobile network operator of Hong Kong; Mandarin Communications itself, was incorporated in 1994[5] and launched operations in 1997.[6] It provided 2G GSM, 3G, fixed line, and IDD services.[7] [8]
The majority stake of Sunday Communications was acquired by PCCW, via a SPV, PCCW Mobile Holding No.2 Limited in 2005, from Distacom Communications, USI Holdings and other minority shareholders,[9] [10] Sunday Communications sold Mandarin Communications and other businesses to PCCW as an intra-group transaction for HK$1.9435 billion and was delisted in 2006.[11] Mandarin Communications, was then renamed to PCCW Mobile HK in 2007;[5] Sunday Communications, as a subsidiary of PCCW, was dissolved in 2007.[5]
See also
- Sun Mobile, a mobile virtual network operator which was launched by HKT (a PCCW subsidiary) and Telecom Digital
- Craig Ehrlich, former Managing Director[12]
Notes and References
- Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2001/0404/0866/F109.pdf. Report of the Directors. 2000 Annual Report. 4 April 2001. 28 February 2018. Sunday Communications. Hong Kong Exchanges and Clearing website.
- Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2006/0418/00866/EWF112.pdf. Consolidated Profit and Loss Account. 2005 Annual Report. 18 April 2006. 28 February 2018. Sunday Communications Limited. Hong Kong. Hong Kong Exchanges and Clearing website.
- Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2006/0418/00866/EWF113.pdf. Consolidated Balance Sheet. 2005 Annual Report. 18 April 2006. 28 February 2018. Sunday Communications Limited. Hong Kong. Hong Kong Exchanges and Clearing website.
- Book: http://www.hkexnews.hk/listedco/listconews/gem/2007/1011/08313_232001/E106.pdf. Definitions. Prospectus . International Elite. Hong Kong. Hong Kong Exchanges and Clearing website.
- Data in Hong Kong Companies Registry
- Book: http://www.hkexnews.hk/listedco/listconews/SEHK/2001/0404/0866/F104.pdf. Corporate Profile. 2000 Annual Report. 4 April 2001. 28 February 2018. Sunday Communications. Hong Kong Exchanges and Clearing website.
- http://biz.yahoo.com/ic/100/100378.html "Sunday Communications Limited Company Profile"
- News: Sunday Announces 3G Network Commercial Launch. China Tech News. 13 June 2005. 28 February 2018.
- News: Lau. Justine. PCCW returns to wireless with Sunday buy . Financial Times. London. Hong Kong. 13 June 2005. 28 February 2018.
- News: Mark. Lee. Wong. Ka-chun. PCCW returns to mobiles with $1.94b bid for Sunday. The Standard. Hong Kong. Sing Tao News Corporation . 14 June 2005. https://web.archive.org/web/20060309053535/http://www.thestandard.com.hk/stdn/std/Front_Page/GF14Aa02.html. 9 March 2006. 28 February 2018.
- (1) Very substantial disposal and connected transaction, (2) voluntary withdrawal of listing and proposed distribution. 7 November 2006. 28 February 2018. Sunday Communications. Hong Kong Exchanges and Clearing website.
- Book: http://www.hkexnews.hk/listedco/listconews/sehk/2001/0404/0866/f110.pdf. 2000 Annual Report. Board of Director. Sunday Communications. 4 April 2001. 28 February 2018. Hong Kong Exchanges and Clearing website.
