New World Mobile Holdings Limited
Encyclopedia
New World Mobile Holdings Limited is a listed company involving telecommunications and Internet
businesses.
New World Mobile was established in 1997 and a subsidiary
of New World Development
. It owned New World PCS Limited
(NWPCS) to operate the mobile communication service in the brand name of "New World Mobility
". In April 2006, NWPCS merged with Hong Kong CSL Limited to form CSL New World Mobility Group
, a joint-venture company owned by Telstra Corporation (76.4%) and New World Mobile Holdings Limited (23.6%). In October 2006, it sold its 23.6% stakes of the Group to New World Development
. New World Development then sold the stakes of New World Mobile to a company privately held by Mr. Simon Lo, the chairman of New World Mobile.
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
businesses.
New World Mobile was established in 1997 and a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of New World Development
New World Development
New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...
. It owned New World PCS Limited
New World PCS Limited
New World PCS Limited or NWPCS was the mobile communication provider of "New World Mobility" in Hong Kong. It was established in 1997 and a wholly owned subsidiary of New World Mobile Holdings Limited...
(NWPCS) to operate the mobile communication service in the brand name of "New World Mobility
New World Mobility
New World Mobility is a mobile communications brand name in Hong Kong. It was launched in 1997 and previously parented by New World PCS Limited...
". In April 2006, NWPCS merged with Hong Kong CSL Limited to form CSL New World Mobility Group
CSL New World Mobility Group
CSL New World Mobility Group was established in 2006 with the merger of two mobile network operators, Hong Kong CSL Limited and New World PCS Limited. Its shareholders are Australian telecommunications company Telstra Corporation and New World Development . It offers three brand names of 2G and 3G...
, a joint-venture company owned by Telstra Corporation (76.4%) and New World Mobile Holdings Limited (23.6%). In October 2006, it sold its 23.6% stakes of the Group to New World Development
New World Development
New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...
. New World Development then sold the stakes of New World Mobile to a company privately held by Mr. Simon Lo, the chairman of New World Mobile.