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HKT-SS Deploys for Lok Ma Chau Loop, Northern Metropolis Early, Enhances Co-op with Research Firms for Implementation
2026-02-11 09:40:41 The innovation and technology development, research, and industrial collaboration in the Lok Ma Chau Loop and Northern Metropolis are of utmost importance, as China's "15th Five-Year Plan" calls for accelerated high-level technological self-reliance and self-strengthening, and Hong Kong is expected to make contribution, opined HKT-SS (06823.HK)'s Group Managing Director Susanna Hui. The group has prepared this by establishing a new artificial intelligence (AI) facility and research center in the Loop area in advance, serving the Northern Metropolis and connecting Hong Kong's data centers. This aims to promote cross-border connectivity and data flow in the Greater Bay Area, addressing the demand for fiber optics driven by data center expansion, Northern Metropolis residential development, and university town construction. Hui continued that the group will step up collaboration with research institutions to transform the research results into practical applications. She was upbeat about the business outlook for this year, seeing AI as a boon to the telecom industry. Besides, with the government advancing smart city initiatives, enterprises are diversifying suppliers by increasing purchases of Chinese hardware, software, and cloud services. However, they stays vigilant and will continue to reduce debt levels if necessary. Regarding China Mobile Hong Kong, a subsidiary of CHINA MOBILE (00941.HK), venturing into the market by acquiring HKBN (01310.HK) and launching affordable 5G plans, which intensifies market competition, Hui believed that the group has always been respecting rational and fair market competition. China Mobile is a strong market competitor, she acknowledged, and the group never takes this lightly. ~ AASTOCKS Financial News Website: www.aastocks.com | |