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

Hong KongHong Kong

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$5.4B (Jun 2024)

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

Regional Link Telecom Services valuation by funding round
DateStageValuation
Jun 2024Secondary$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

Regional Link Telecom Services funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024SecondaryChina Merchants Group (lead)$870M$5.4BRegional 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

Investors in Regional Link Telecom Services by funding rounds participated
InvestorHQRoundsRoleFirst check

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Regional 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.

Public and private companies comparable to Regional Link Telecom Services
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Zegona CommunicationsUnited KingdomUnited KingdomPublicly listed$4.2B$1.9B$5.4B2.5x
United InternetGermanyGermanyPublicly listed$7B$1.5B$5.5B1.4x
TPG TelecomAustraliaAustraliaPublicly listed$3.6B$1.1B$5.5B2.3x
Tata CommunicationsIndiaIndiaPublicly listed$2.6B$494M$5.3B2.4x
Bezeq InternationalIsraelPetah TikvaPrivate-$1.1B$5.6B-
Digital InfraCoSingaporeSingaporePrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zegona Communications$4.2B$1.9B2.5x2.5x5.5x4.8x
United Internet$7B$1.5B1.4x1.4x6.8x6.4x
TPG Telecom$3.6B$1.1B2.4x2.3x7.4x7.0x
Tata Communications$2.6B$494M2.5x2.4x13.2x12.2x
PCCW$5.1B$1.5B2.8x2.8x9.7x8.4x
Iridium$872M$443M7.6x7.3x14.9x13.4x
1&1$4.8B$619M1.3x1.2x9.7x7.2x
Orange Polska$3.5B$1.1B1.9x1.8x6.1x5.9x

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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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