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HKBN FY revenue jumps 29%, EBITDA up 45% on WTT integration

Tuesday 29 October 2019 | 09:38 CET | News
Hong Kong operator HKBN saw its revenue increase by 29 percent year-on-year to HKD 5.10 billion in the year ended 31 August 2019. EBITDA rose by 45% year-on-year to HKD 1.70 billion, while free cash flow rose 30 percent to HKD 750 million. Back in September, HKBN announced that the integration of its enterprise services businesses was almost complete, four months after the acquisition of WTT. HKBN completed the takeover of WTT in April this year. The transaction was first announced in August 2018. The takeover is expected to help grow HKBN's enterprise business.

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Categories: Fixed
Companies: HKBN
Countries: Hong Kong
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