Wharf T&T
Encyclopedia
Wharf T&T Limited is, as of 2010, the second largest fixed line telecommunication
operator in Hong Kong
.
A member of The Wharf (Holdings)
, one of the largest conglomerates in Hong Kong, it was formerly known as New T&T Limited and Wharf New T&T Limited .
after the Hong Kong Government decided to open this market to competition; Cable & Wireless Hongkong Telecom
had heretofore enjoyed a monopoly
. The next year New T&T Limited was offering IDD service and residential fixed-line services.
Making its first net profit
in financial year 2001, it was soon after renamed Wharf New T&T Limited.
Another name change, in 2003, yielded Wharf T&T Limited.
By 2006 the company decided to differentiate itself by providing some services through a different unit; Wharf T&T would focus on business
clients and subsidiary i-Cable Communications
, residential ones.
In 2007 it founded Wharf T&T eBusiness Limited, a subsidiary that delivers broadband
applications and web application
s to SME customers.
services to businesses having more than "36 years experience in the IT sector";
i-Cable Communications
, which provides residential services; and Wharf T&T eBusiness Limited (WeB), which was established in January 2007 and is an Internet service provider catering to SMEs.
Telecommunication
Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
operator 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...
.
A member of The Wharf (Holdings)
The Wharf (Holdings)
The Wharf Limited , or Wharf in short, is a company founded in 1886 in Hong Kong. As its name suggests, the company's original business was in running wharfage and dockside warehousing, and it was originally known as The Hongkong and Kowloon Wharf and Godown Company, Limited...
, one of the largest conglomerates in Hong Kong, it was formerly known as New T&T Limited and Wharf New T&T Limited .
History
Established in 1995 as New T&T Limited, it was one of the first telecommunication operators to be offered a fixed line licenseLicense
The verb license or grant licence means to give permission. The noun license or licence refers to that permission as well as to the document recording that permission.A license may be granted by a party to another party as an element of an agreement...
after the Hong Kong Government decided to open this market to competition; Cable & Wireless Hongkong Telecom
Hong Kong Telecom
Hong Kong Telecommunications Limited, Hong Kong Telecom , or Cable & Wireless HKT Limited later, was the largest telecommunications service provider in Hong Kong. It was parented by Cable & Wireless. It had a dominant position in fixed-line, IDD and broadband services in Hong Kong...
had heretofore enjoyed a monopoly
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
. The next year New T&T Limited was offering IDD service and residential fixed-line services.
Making its first net profit
Net profit
Net profit or net revenue is a measure of the profitability of a venture after accounting for all costs. In a survey of nearly 200 senior marketing managers, 91 percent responded that they found the "net profit" metric very useful...
in financial year 2001, it was soon after renamed Wharf New T&T Limited.
Another name change, in 2003, yielded Wharf T&T Limited.
By 2006 the company decided to differentiate itself by providing some services through a different unit; Wharf T&T would focus on business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
clients and subsidiary i-Cable Communications
I-CABLE Communications
i-CABLE Communications Limited , i-Cable in short, is an internet Service Provider in Hong Kong, and is now one of Hong Kong's leading integrated communications companies...
, residential ones.
In 2007 it founded Wharf T&T eBusiness Limited, a subsidiary that delivers broadband
Broadband
The term broadband refers to a telecommunications signal or device of greater bandwidth, in some sense, than another standard or usual signal or device . Different criteria for "broad" have been applied in different contexts and at different times...
applications and web application
Web application
A web application is an application that is accessed over a network such as the Internet or an intranet. The term may also mean a computer software application that is coded in a browser-supported language and reliant on a common web browser to render the application executable.Web applications are...
s to SME customers.
Subsidiaries
Subsidiaries include COL Limited, which provides ITInformation technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
services to businesses having more than "36 years experience in the IT sector";
i-Cable Communications
I-CABLE Communications
i-CABLE Communications Limited , i-Cable in short, is an internet Service Provider in Hong Kong, and is now one of Hong Kong's leading integrated communications companies...
, which provides residential services; and Wharf T&T eBusiness Limited (WeB), which was established in January 2007 and is an Internet service provider catering to SMEs.