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- Regional Link Telecom Services
Regional Link Telecom Services Valuation, Funding & Investors
Regional Link Telecom Services is valued at $5.4B as of June 2024.
Last Regional Link Telecom Services valuation
$5.4B
Secondary · Jun 2024
Key investors in Regional Link Telecom Services
China Merchants Group
Regional Link Telecom Services Overview
About Regional Link Telecom Services
Regional Link Telecom Services is a telecommunications provider operating as a wholly-owned subsidiary of HKT Limited in Hong Kong. The company delivers fixed-line telephony, broadband internet, and data connectivity solutions primarily to business customers across the region. Established to support HKT's enterprise segment, it maintains infrastructure in key commercial districts of Hong Kong, including Central and Kowloon. Regional Link handles network maintenance and expansion projects valued at hundreds of millions of Hong Kong dollars annually. Its services integrate with HKT's broader ecosystem, enabling seamless connectivity for multinational corporations headquartered in Hong Kong such as HSBC and Standard Chartered.
Founded
2000
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$5.4B (Jun 2024)
Sectors
Regional Link Telecom Services Valuation
Regional Link Telecom Services is currently valued at $5.4B, based on its secondary sale in June 2024.
The $870M round was led by China Merchants Group.
Regional Link Telecom Services valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2024 | Secondary | $5.4B |
Regional Link Telecom Services Funding History
Regional Link Telecom Services has 1 recorded secondary share sale and no primary funding rounds.
Regional Link Telecom Services funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Secondary | China Merchants Group (lead) | $870M | $5.4B | Regional Link Telecom Services Holdings Ltd., a wholly-owned subsidiary of HKT (a PCCW unit), owns Passive Netco, which supplies passive fiber connection services in Hong Kong and the Greater Bay Area. China Merchants Group, through its investment arm China Merchants Capital, acquired a 40% stake in Regional Link for $870 million on June 26, 2024 (or 2025 per some reports). This implies a full company valuation of $2.175 billion. The transaction involves HKT Trust and HKT selling the stake while entering a partnership with China Merchants Capital to expand the passive network infrastructure business, share capital expenditures, and support new service offerings amid AI-driven technology adoption. Proceeds will fund general corporate purposes, including debt repayment and special dividends via HKT. PCCW, Regional Link's parent, reported consolidated 2024 revenue of HK$37,557 million (up 3%) and EBITDA of HK$12,849 million, with HKT contributing revenue of HK$32,031 million and EBITDA of HK$13,743 million. HKT operates a market-leading premium passive access network with extensive coverage in Hong Kong, alongside fixed-line, broadband, mobile, and other telecom services. China Merchants Group, a Chinese state-owned conglomerate headquartered in Hong Kong, spans ports, logistics, real estate, and financial services. This deal marks the largest M&A involving passive network infrastructure in Hong Kong in recent years, driven by demand for digital infrastructure in Asia Pacific. |
Who has invested in Regional Link Telecom Services?
1 investor has backed Regional Link Telecom Services across its funding rounds, including China Merchants Group.
Lead investors include China Merchants Group.
Regional Link Telecom Services Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Regional Link Telecom Services investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialRegional Link Telecom Services Competitors
Regional Link Telecom Services competitors include listed companies like Zegona Communications, United Internet, TPG Telecom and Tata Communications, and private ones like Bezeq International and Digital InfraCo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.2B | $1.9B | $5.4B | 2.5x | ||
| Publicly listed | $7B | $1.5B | $5.5B | 1.4x | ||
| Publicly listed | $3.6B | $1.1B | $5.5B | 2.3x | ||
| Publicly listed | $2.6B | $494M | $5.3B | 2.4x | ||
| Private | - | $1.1B | $5.6B | - | ||
| Private | - | - | $4.3B | - |
Regional Link Telecom Services Public Comps
Regional Link Telecom Services is still privately-owned, but its public comps include Zegona Communications, United Internet, TPG Telecom, Tata Communications, PCCW, Iridium, 1&1, Orange Polska, VEON and Sonae.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.2B | $1.9B | 2.5x | 2.5x | 5.5x | 4.8x | |||
| $7B | $1.5B | 1.4x | 1.4x | 6.8x | 6.4x | |||
| $3.6B | $1.1B | 2.4x | 2.3x | 7.4x | 7.0x | |||
| $2.6B | $494M | 2.5x | 2.4x | 13.2x | 12.2x | |||
| $5.1B | $1.5B | 2.8x | 2.8x | 9.7x | 8.4x | |||
| $872M | $443M | 7.6x | 7.3x | 14.9x | 13.4x | |||
| $4.8B | $619M | 1.3x | 1.2x | 9.7x | 7.2x | |||
| $3.5B | $1.1B | 1.9x | 1.8x | 6.1x | 5.9x | |||
This data is available for Pro users. Sign up to see all Regional Link Telecom Services competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Regional Link Telecom Services
| When was Regional Link Telecom Services founded? | Regional Link Telecom Services was founded in 2000. |
| Where is Regional Link Telecom Services headquartered? | Regional Link Telecom Services is headquartered in Hong Kong, Hong Kong. |
| Is Regional Link Telecom Services publicly listed? | No, Regional Link Telecom Services is a private, VC-backed company. |
| What is Regional Link Telecom Services' valuation? | Regional Link Telecom Services was last valued at $5.4B in its secondary sale in June 2024. |
| Who are Regional Link Telecom Services' investors? | Regional Link Telecom Services' investors include China Merchants Group. |
| Which companies are comparable to Regional Link Telecom Services? | Companies comparable to Regional Link Telecom Services include Zegona Communications, United Internet, TPG Telecom, Tata Communications, Bezeq International and Digital InfraCo. |
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