HK OFCA Concludes Auction for 2.5/2.6 GHz Radio Spectrum Bands, Raising HKD202M Overall
Auction Results: Hong Kong's Office of the Communications Authority concluded an auction for 50 MHz of radio spectrum in the 2.5/2.6 GHz band, raising a total of HKD202 million from three mobile network operators.
Winning Bids: China Mobile secured frequency blocks for HKD40 million, Smartone Tele won blocks for HKD80 million, and a joint venture between HKT-SS and HutchTel HK acquired blocks for HKD82 million.
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HK OFCA Concludes Auction for 2.5/2.6 GHz Radio Spectrum Bands, Raising HKD202M Overall
Auction Results: Hong Kong's Office of the Communications Authority concluded an auction for 50 MHz of radio spectrum in the 2.5/2.6 GHz band, raising a total of HKD202 million from three mobile network operators.
Winning Bids: China Mobile secured frequency blocks for HKD40 million, Smartone Tele won blocks for HKD80 million, and a joint venture between HKT-SS and HutchTel HK acquired blocks for HKD82 million.
HUTCHTEL HK Partners with Microsoft and Others to Propel Digital Transformation Using AI and 5G Technologies
Strategic Partnerships: HUTCHTEL HK has signed memorandums of understanding (MOUs) with various strategic partners to enhance innovation in areas such as AI, 5G, ESG, and smart buildings, aiming to accelerate digital transformation across industries.
Collaboration with Microsoft: The company is collaborating with Microsoft to develop AI and ESG solutions, helping enterprises meet regulatory requirements while also partnering with CK ASSET to promote smart building management and the PropTech ecosystem.
<Results>HUTCHTEL HK Interim Results Swing into Profit of $6M; Interim DPS Kept at 2.28 Cents
Interim Results Overview: HUTCHTEL HK reported a 7.7% year-on-year increase in turnover to HK$2.216 billion for the interim period ending June 2025, with a profit of HK$6 million compared to a loss of HK$12 million in the previous year.
Dividend Announcement: The company declared an interim dividend per share of HK2.28 cents, remaining unchanged from the previous year.
HK OFCA Concludes Auction for 2.5/2.6 GHz Radio Spectrum Bands, Raising HKD202M Overall
Auction Results: Hong Kong's Office of the Communications Authority concluded an auction for 50 MHz of radio spectrum in the 2.5/2.6 GHz band, raising a total of HKD202 million from three mobile network operators.
Winning Bids: China Mobile secured frequency blocks for HKD40 million, Smartone Tele won blocks for HKD80 million, and a joint venture between HKT-SS and HutchTel HK acquired blocks for HKD82 million.
HUTCHTEL HK Partners with Microsoft and Others to Propel Digital Transformation Using AI and 5G Technologies
Strategic Partnerships: HUTCHTEL HK has signed memorandums of understanding (MOUs) with various strategic partners to enhance innovation in areas such as AI, 5G, ESG, and smart buildings, aiming to accelerate digital transformation across industries.
Collaboration with Microsoft: The company is collaborating with Microsoft to develop AI and ESG solutions, helping enterprises meet regulatory requirements while also partnering with CK ASSET to promote smart building management and the PropTech ecosystem.
<Results>HUTCHTEL HK Interim Results Swing into Profit of $6M; Interim DPS Kept at 2.28 Cents
Interim Results Overview: HUTCHTEL HK reported a 7.7% year-on-year increase in turnover to HK$2.216 billion for the interim period ending June 2025, with a profit of HK$6 million compared to a loss of HK$12 million in the previous year.
Dividend Announcement: The company declared an interim dividend per share of HK2.28 cents, remaining unchanged from the previous year.
