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

Vulcan Steel leads as reporting season approaches
Markets Market Close

Vulcan Steel leads as reporting season approaches

The S&P/NZX 50 Index closed 55.30 points higher at 12,889.38.

Jamie Gray 15 Aug 2025
Small cap spotlight: Blackpearl Group
Markets Small Cap Wrap

Small cap spotlight: Blackpearl Group

Founder Nick Lissette says it's patriotic to be listed, but hard work.

Competition law changing to allow 'beneficial collaboration'
Markets

Competition law changing to allow 'beneficial collaboration'

Confidential submissions to the Commerce Commission will get a 10-year OIA exemption.

Pattrick Smellie 15 Aug 2025
NZ sharemarket rises, Vista Group shares fall
Markets Market Close

NZ sharemarket rises, Vista Group shares fall

The New Zealand sharemarket was up on Thursday as most stocks on the main board lifted.

Tom Raynel 14 Aug 2025