New World Mobility
Encyclopedia
New World Mobility is a mobile communications brand name in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

. It was launched in 1997 and previously parented
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...

 by 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...

. In April 2006, New World PCS Limited merged with Hong Kong CSL Limited to form a new joint-venture company called "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...

", whose shareholders are Australian telecommunications company Telstra Corporation (76.4%) and New World Mobile Holdings Limited
New World Mobile Holdings Limited
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 to operate the mobile communication service in the brand name of "New...

 (23.6%). New World Mobility became one of the brand names of the JV's mobile services. In October 2006, New World Mobile Holdings Limited sold its 23.6% stakes of the JV 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...

.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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