Infratil spends $258m for 80% of Hong Kong data firm

The purchase will enable the group to invest in building a next-generation platform, says Infratil CEO Jason Boyes. (Image: Infratil)

Staff reporters

Mon, 10 Jul 2023

Infratil has entered into a conditional deal with Hong Kong-based HKT Trust for the US$160 million (NZ$258m) purchase of an 80% stake in datacentre connectivity platform Console Connect.HKT, or Hong Kong Telecom, is listed on the Hong Kong stock exchange and is one of the region's leading fixed-line and mobile market operators, reporting total revenues of US$4.35 billion for the year to December 2022.Regarding the "strategic partnership" agreement, the dual New Zealand- and Australian-listed infrastructural investor will jointly&n...

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