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HKT Renews Connected Carriage Services Deals With PCCW to 2028

Story Highlights
  • HKT has renewed certain continuing connected transactions with controlling shareholder PCCW through 2028, including carriage services for its media businesses.
  • The renewed carriage agreement keeps annual caps at prior levels, uses marginal-cost and cost-plus pricing, and stays subject to listing-rule reporting without requiring independent approval.
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HKT Renews Connected Carriage Services Deals With PCCW to 2028

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HKT and HKT ( (HK:6823) ) has shared an update.

HKT Trust and HKT Limited have announced the renewal of certain continuing connected transactions with the PCCW Group for a further three years from 1 January 2026 to 31 December 2028, including the provision of carriage services by HK Telecom to PCCW’s media businesses under new annual caps that match the levels set for 2023–2025. The renewed agreement with Esencia, acting for PCCW’s media subsidiaries, will keep pricing on a marginal-cost and cost-plus (around 5%) basis, allowing the Media Group to benefit from network enhancements while contributing to additional capacity or field service costs, and the transaction structure remains subject to Hong Kong Listing Rules reporting, announcement and annual review requirements but exempt from independent shareholders’ approval due to its size.

The most recent analyst rating on (HK:6823) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on HKT and HKT stock, see the HK:6823 Stock Forecast page.

More about HKT and HKT

HKT Trust and HKT Limited operate in the telecommunications and media infrastructure sector, providing network, carriage and related services in Hong Kong. Through subsidiaries such as HK Telecom, the group supports pay-TV, free-to-air TV and over-the-top (OTT) content distribution for media partners, with a market focus on high-capacity network services and long-term commercial arrangements with affiliated entities like the PCCW Group, its controlling shareholder.

Average Trading Volume: 6,862,358

Technical Sentiment Signal: Buy

Current Market Cap: HK$87.96B

Find detailed analytics on 6823 stock on TipRanks’ Stock Analysis page.

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