PCCW Solutions acquires HCL Insys to accelerate growth in Southeast Asia

PCCW (SEHK: 0008) – HONG KONG / SINGAPORE, November 15, 2019 – PCCW Solutions, the IT services flagship of PCCW Limited, has acquired HCL Insys Pte. Ltd. (HCL Insys), which, prior to the acquisition, was a wholly owned Singapore-based subsidiary of India’s premier technology company HCL Infosystems Limited.

Established in 2012, HCL Insys is a leading IT solutions and outsourcing service provider, offering managed services including end user computing, data center, service desk and networking solutions for customers in Singapore.

The acquisition enables PCCW Solutions to accelerate its reach by leveraging HCL Insys’ proven capabilities. This joint team will deliver end-to-end IT services, ranging from application development, system integration to digital solutions, and capture opportunities across industries. In addition, the synergies created will further strengthen PCCW Solutions’ overall capabilities in infrastructure, cloud and automation across the region.

Mr. Ramez Younan, Managing Director of PCCW Solutions, said, “The transaction is a milestone for PCCW Solutions as we continue to expand our Southeast Asia business. The complementary businesses enhance our presence, capabilities and reach, enabling PCCW Solutions to offer integrated solutions and accelerate growth.”

Mr. Younan added, “We welcome our new colleagues and together we aim to create additional value to our customers in the Singapore market and beyond, a key region for PCCW Solutions.”

The transaction does not constitute a notifiable transaction of PCCW Limited under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

About PCCW Solutions

PCCW Solutions is the IT and business process outsourcing flagship of PCCW Limited, which also holds interests in telecommunications, media, property development and investment, and other businesses.

Responsible for a growing number of large-scale IT projects in the public and private sectors, PCCW Solutions holds a wealth of experience and expertise and is viewed as a major industry player in Greater China. To learn more about PCCW Solutions, please visit www.pccwsolutions.com.

About PCCW Limited

PCCW Limited (SEHK: 0008) is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.

The Company holds a majority interest in the HKT Trust and HKT Limited, Hong Kong's premier telecommunications service provider and leading operator in fixed-line, broadband and mobile communication services. HKT meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting, and contact centers.

PCCW also owns a fully integrated multimedia and entertainment group in Hong Kong, PCCW Media. PCCW Media operates the largest local pay-TV operation, Now TV, and is engaged in the provision of over-the-top (OTT) video service under the Viu brand in Hong Kong and other places in the region.

Through HK Television Entertainment Company Limited, PCCW also operates a domestic free television service in Hong Kong.

Also, wholly-owned by the Group, PCCW Solutions is a leading information technology outsourcing and business process outsourcing provider in Hong Kong and mainland China.

In addition, PCCW holds a majority interest in Pacific Century Premium Developments Limited, and other overseas investments. To learn more about PCCW, please visit www.pccw.com.

For more information, please contact:

Ivan Ho
PCCW
Tel: +852 2883 8747
Email: ivan.wy.ho@pccw.com

Issued by PCCW Limited.