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

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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Credit Card

Cardholder's name

Yearly - (Save $179 compared to monthly) $349.00

Monthly $44.00

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

Gentrack leads NZ sharemarket down almost 1%

Markets Market Close

Gentrack leads NZ sharemarket down almost 1%

The S&P/NZX 50 Index closed at 12,225.28, down 113.29 points or 0.92%.

Graham Skellern 6:10pm

Markets

Asian stocks extend global rout

Tokyo shares fall as Trump predicts a coming US boom.

AFP 4:45pm

Asian stocks extend global rout

Retail

KMD Brands pulled into Trump trade war

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

Gregor Thompson 2:00pm

KMD Brands pulled into Trump trade war

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

Sponsored

Commercial property trends: AI, sustainability and growing confidence

Falling rates and green tech shape property investment’s future.

PMG

More Markets

Gentrack leads NZ sharemarket down almost 1%

Markets Market Close

Gentrack leads NZ sharemarket down almost 1%

The S&P/NZX 50 Index closed at 12,225.28, down 113.29 points or 0.92%.

Graham Skellern 6:10pm

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.

Staff reporters 4:50pm

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.

Gregor Thompson 2:00pm