HGC Global Communications
| Company type | Private |
|---|---|
| Industry | Telecommunications |
| Predecessor | Hutchison Global Communications Limited |
| Headquarters | Hong Kong , Hong Kong |
Area served | Hong Kong |
| Owner | Asia Cube Global (since 2017) |
HGC Global Communications Limited, previously known as Hutchison Global Communications Limited (HGC), operates as an internet service provider headquartered in Hong Kong. It was once a division of Hutchison Telecommunications Hong Kong Holdings, which itself belonged to the conglomerate CK Hutchison Holdings. HGC's shares were publicly traded through its parent entity Hutchison Global Communications Holdings from 2004 until 2005.
In July 2017, ownership of HGC transferred from Hutchison to Asia Cube Global, a private equity firm overseen by I Squared Capital.
History
HGC played a significant role as an investor in the fibre-optic network infrastructure within Hong Kong. After the telecommunications sector in Hong Kong was deregulated in 2003, HGC entered into competition with the leading operator PCCW, which was largely owned by Richard Li, son of Li Ka-shing, chairman of Hutchison Whampoa. Between 2000 and 2002, HGC functioned as a joint venture between Hutchison Whampoa and Global Crossing.
In 2004, a company incorporated in Bermuda and listed in Hong Kong acquired HGC through a reverse takeover and subsequently adopted the name Hutchison Global Communications Holdings (SEHK:757). The company was taken private by Hutchison Telecommunications International in 2005. That same year, Vanda Systems became involved in an insider trading controversy linked to affiliates of Cheung Kong Holdings–Hutchison Whampoa.
The year 2009 saw the spin-off of Hutchison Telecommunications Hong Kong Holdings as a publicly listed firm, consolidating both HGC and Macau operations. Following the 2015 merger between Cheung Kong and Hutchison that formed CK Hutchison Holdings and CK Asset Holdings, HGC was divested to Asia Cube Global in 2017. This transaction reflected a broader pattern of strategic asset sales among prominent Hong Kong business families. Earlier speculation had connected this sale with the purchaser of WTT HK within the same year.