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New World PCS

From Alfawiki
New World PCS Limited
Company typeSubsidiary
IndustryTelecommunications
FoundedFebruary 16, 1995; 31 years ago (1995-02-16)
FounderNew World Development
Defunct2008 (2008)
FateMerged with Hong Kong CSL to form CSL New World Mobility; renamed CSL Limited
SuccessorCSL Limited
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong
OwnerNew World Development (until 2006)
ParentNew World Development (until 2006)

New World PCS Limited (abbreviated NWPCS) operated as a mobile network operator (MNO) based in Hong Kong.

History

Established on 16 February 1995 as a subsidiary under New World Development, New World PCS introduced the New World Mobility brand in 1997. By 2004, ownership of the MNO was held by New World Development through its publicly traded intermediate holding company, New World Mobile Holdings. Before this arrangement, New World PCS Holdings—directly overseeing New World PCS—and New World Telecommunications functioned as sister entities under New World Telephone Holdings, which was itself a subsidiary of New World Development.

In 2006, NWPCS combined operations with Hong Kong CSL to create CSL New World Mobility, an intermediate holding company with a share distribution of 76.4% owned by Telstra and 23.6% by New World Development. This consolidation terminated NWPCS’s status as a direct subsidiary of both New World Mobile Holdings and New World Development.

By 2008, the company formerly known as New World PCS Limited adopted the name CSL Limited, while the previous CSL entity became its subsidiary. Nevertheless, the New World Mobility brand persisted under New World Mobility Limited—a joint venture involving CSL Limited—until it transitioned into Sun Mobile in 2014.

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