CK Hutchison Considers Listing of Global Telecom Business: Bloomberg News

CK Hutchison Holdings is considering a potential listing of its global telecom business. The company operates in various sectors including retail, telecommunication, ports, and infrastructure. It also engages in finance and investment activities.

CK Hutchison Holdings Ltd. is considering a potential Hong Kong listing for its global telecom business, according to sources familiar with the matter [1]. The conglomerate, controlled by billionaire Li Ka-shing, has been exploring various options, including a listing in London, for its telecom assets.

The company has been in preliminary discussions with advisers at Citigroup Inc. and Goldman Sachs Group Inc. regarding a prospective listing, although no final decisions have been made [1]. Apart from a listing, CK Hutchison is also studying other alternatives such as the sale of certain markets or consolidation in individual countries.

The work on a potential deal for the telecom business has been slow due to political headwinds around the planned sale of its global ports business to a consortium backed by BlackRock Inc. [1]. It is expected that CK Hutchison may seek to complete this divestment before pushing ahead with the telecom listing, which could happen as early as 2026.

CK Hutchison operates telecom businesses in the UK, Italy, Sweden, Denmark, Austria, and Ireland under 3 Group Europe. The company reported 60.5 million registered mobile customers as of the end of June, with 56.6 million active users [1]. In Hong Kong, CK Hutchison holds a 66.09% stake in Hutchison Telecommunications Hong Kong Holdings, which provides mobile services under the “3” brand.

Dealmaking in Hong Kong has been flourishing, with proceeds from listings climbing to more than $17 billion in 2025, driven by the listing of mainland Chinese companies [1]. This includes Contemporary Amperex Technology Co. Ltd., which raised $5.2 billion in its first-time share sale this year, and drugmaker Jiangsu Hengrui Pharmaceuticals Co., which pulled in about $1.5 billion.

A representative for CK Hutchison referred a media query to the company’s statement in March, when it said that from time to time the group receives proposals and explores opportunities to enhance long-term value to shareholders, including possible transactions for its global telecom assets [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-08-29/ck-hutch-mulls-options-for-telecom-business-including-hk-listing