HGC Global Communications Limited, formerly known as Hutchison Global Communications Limited ( abb. HGC), is an internet service provider of Hong Kong. In the past it was part of Hutchison Telecommunications (Hong Kong), itself part of a mega-conglomerate CK Hutchison Holdings. Hutchison Global Communications was a listed company, via its parent company Hutchison Global Communications Holdings from 2004 to 2005.
In July 2017, Hutchison sold HGC to a private equity fund Asia Cube Global.[1]
History
Hutchison Global Communications (HGC) was a major investor in the fibre-optic networks of Hong Kong. In 2003, the year of deregulation of the market of telecommunication of Hong Kong, HGC was one of the competitor of PCCW, the dominant operator at that time, which PCCW was majority owned by Richard Li, the younger son of the chairman of Hutchison Whampoa, Li Ka-shing.[2]