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Sun Mobile

From Wikipedia - Reading time: 8 min
Not to be confused with Sunmobile.

SUN Mobile
FormerlyNew World Mobility Limited
Company typeJoint venture
IndustryTelecommunications
Founded1997 (as brand)
1998 (as company)
Headquarters
Hong Kong
ServicesMobile network operator
Owner
  • HKT (60%)
  • Telecom Digital (40%)[1]
Chinese name
Traditional Chinese新移動通訊
Transcriptions
former Chinese name
Traditional Chinese新世界傳動網
Transcriptions
Websitewww.sunmobile.com.hk

Sun Mobile Limited (branded as SUN Mobile), formerly known as New World Mobility Limited, is a mobile network operator brand and company in Hong Kong. It is a joint venture of HKT and Telecom Digital [zh].

SUN Mobile store in Choi Yuen Estate.

New World Mobility Limited and New World Mobility was a subsidiary and a brand of New World PCS respectively; New World PCS itself was a subsidiary of New World Development. However, New World Development sold the shares of its successor CSL New World Mobility in 2013. The brand New World Mobility was active until 2014, which was changed to SUN Mobile in the same year; but the legal person New World Mobility Limited was once dormant until re-active again in 2008[2] as a joint venture of CSL New World Mobility and Telecom Digital.[3]: 11 [non-primary source needed] During the period of dormant, the brand was operated by sister company of New World Mobility Limited.

History

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New World Mobility

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New World Mobility Limited was launched in 1998[2] and previously parented by New World PCS Limited,[citation needed] which the latter was incorporated in 1995.[2] New World Mobility, as a brand, was launched in 1997.[4][non-primary source needed] New World Mobility Limited later became dormant in 2003,[2] which the brand was operated by New World PCS directly. New World PCS was also the licence holder of personal communication services since 1996.[5]

New World PCS became a public company indirectly, via a backdoor listing. A listed company Asia Logistics Technologies acquired New World PCS Holdings (parent of New World PCS) from New World Development and renamed itself into New World Mobile Holdings in 2004.[6][non-primary source needed][7][non-primary source needed]

In March 2006, New World PCS Limited merged with Hong Kong CSL Limited to form a new intermediate holding company called CSL New World Mobility,[8][non-primary source needed] whose shareholders are Australian telecommunications company Telstra (76.4%)[citation needed] and New World Mobile Holdings (23.6%).[8] New World Mobility became one of the brands of the holding company's mobile services. In October 2006, New World Mobile Holdings sold its 23.6% stakes of the intermediate holding company to New World Mobile Holdings' parent company New World Development.[citation needed]

New World PCS Limited was also renamed to CSL Limited, as a subsidiary of the new holding company in 2008.[2] New World Mobility Limited was back from dormant also in 2008,[2] which CSL Limited owned 60% stake since 2008–09 financial year.[9][non-primary source needed][10][non-primary source needed] The rest of the stake of New World Mobility Limited, was acquired by Telecom Digital [zh] also in 2008;[3]: 11 [non-primary source needed] the latter was a mobile virtual network operator of brands such as "Rabbit", which bought the network usage from other companies.[3]: 11–13 [non-primary source needed] New World Mobility Limited operated the brand New World Mobility[11][non-primary source needed] since circa 2008.

New World Development and Telstra sold the stake of CSL New World Mobility to HKT in December 2013.[12][13][10][14] After the transaction, HKT owned New World Mobility, CSL, PCCW Mobile and other brands.[10][non-primary source needed]

SUN Mobile

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On 25 September 2014, New World Mobility Limited ceased to exist as HKT revamped the subsidiary under the name SUN Mobile Limited,[15] the company was jointly-owned by HKT (instead of CSL Limited) and Telecom Digital.[16][non-primary source needed] However, the pronunciation of Sun was similar to the Cantonese pronunciation of the Chinese character 新 (Jyutping: san1) of the old brand; the new brand in Chinese, was also dropped the world "World" (Chinese: 世界) and replacing the suffix to "Mobile Communications" (Chinese: 移動通訊) only, instead of "Mobility Network" (Chinese: 傳動網).

See also

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  • CSL Mobile, a mobile network operator that is also owned by HKT
  • Sunday Communications, a defunct parent company of SUNDAY, a mobile network operator that was privatised by PCCW in 2005
  • PCCW Mobile, formerly doing business as SUNDAY, a mobile network operator that was owned by PCCW and formerly Sunday Communications

References

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  1. ^ "Interim Report 2017/18" (PDF). Hong Kong: Telecom Digital. 13 November 2017. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  2. ^ a b c d e f Data in Hong Kong Companies Registry
  3. ^ a b c "Transfer of listing from the Growth Enterprise Market to the Main Board of the Stock Exchange of Hong Kong Limited" (PDF) (Press release). Hong Kong: Telecom Digital. 28 April 2017. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  4. ^ "Corporate Profile" (PDF). 2004–05 Annual Report. Hong Kong: New World Mobile Holdings. 26 October 2005 – via Hong Kong Exchanges and Clearing website.
  5. ^ "Telecom Milestones". Hong Kong: Office of the Telecommunications Authority. Retrieved 18 March 2018.
  6. ^ "Proposed Acquisition of New World PCS Holdings Limited by Asia Logistics Technologies Limited" (PDF) (Press release). Hong Kong: New World Development. 1 April 2004. Retrieved 27 February 2018.
  7. ^ "Joint Announcement" (PDF) (Press release). Hong Kong: New World Development and Asia Logistics Technologies. 2 April 2004. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  8. ^ a b "New World PCS and Hong Kong CSL Mobile Merger Completed" (Press release). Hong Kong: New World Development. 31 March 2006. Retrieved 28 February 2018.
  9. ^ "2008–09 Annual Report" (PDF). Melbourne: Telstra. 11 September 2009. Retrieved 15 March 2018.
  10. ^ a b c "Joint Announcement" (PDF) (Press release). PCCW Limited and HKT Trust c/o HKT Limited. 20 December 2013. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  11. ^ "Members' Profile | Telecom Digital Holdings Limited" (PDF). 2013 Official Guide to ICT Industry in Hong Kong. Communications Association of Hong Kong. 2012. Retrieved 28 February 2018.
  12. ^ 剝離非核心資產 鄭氏兩年套近400億. Ming Pao (in Chinese (Hong Kong)). Hong Kong: Media Chinese International. 19 February 2016. Retrieved 27 February 2018.
  13. ^ "Disclosable transaction | Disposal of 23.6% interest in CSL New World Mobility Limited" (PDF) (Press release). Hong Kong: New World Development. 20 December 2013. Retrieved 27 February 2018 – via Hong Kong Exchanges and Clearing.
  14. ^ "HKT eyes smooth takeover of CSL New World Mobility". South China Morning Post. Hong Kong. 27 February 2014. Retrieved 28 February 2018.
  15. ^ "HKT banks on SUNshine". The Standard. Hong Kong: Sing Tao News Corporation. Archived from the original on 12 October 2014.
  16. ^ "HKT and TDHL jointly unveil new SUN Mobile brand" (Press release). Hong Kong: SUN Mobile. 25 September 2014. Retrieved 18 March 2018.
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