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

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
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...

More Markets

Takeovers Panel will meet on NZME issue
Markets

Takeovers Panel will meet on NZME issue

The panel said in a media release today it had met on the issue of Grenon’s shareholding.

Asian stocks extend global rout
Markets

Asian stocks extend global rout

Tokyo shares fall as Trump predicts a coming US boom.

AFP 4:45pm
KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

John Anthony 11:00am