HKT-SS (06823) sold approximately US$209 million for 9% equity interest in Regional Link Telecom Services Holdings Limited.

HKT-SS(06823) and PCCW(00008) jointly announced that on March 30, 2026 (after trading hours), Hong Kong Telecommunications' indirect wholly-owned subsidiary, Apex Link Communications Holdings Limited, plans to sell a 9% equity interest in Regional Link Telecom Services Holdings Limited to Pegasus Investment BidCo Limited for a total consideration of approximately 209 million US dollars, to be settled in cash. Upon completion, the target company will remain an indirect subsidiary of Hong Kong Telecommunications, which is also an indirect subsidiary of PCCW. Following the initial investment, the proceeds from this transaction will enable Hong Kong Telecommunications to further strengthen its resources, enhance and expand its services to consumers, provide innovative and advanced technological solutions to corporate clients, and improve its financial position. It is understood that the main business of the target company is investment holding. Passive Netco is a wholly-owned subsidiary of the target company. Passive Netco is engaged in passive network operations.