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

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.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.