PLTS will benefit from the combined resources and experience of Lenovo and PCCW, including complementary service offerings, operational expertise, go-to-market capabilities, technical development capabilities, and highly skilled talent pools.
The strategic partnership to benefit from each partner’s respective strengths
As a global technology powerhouse across devices, infrastructure, and solutions and services, Lenovo will bring its innovation, global presence, deep relationships with commercial customers, and strong go-to-market and delivery capabilities to the partnership, which will help PLTS grow in reach and competitiveness in markets across the Asia Pacific region.
With more than 20 years of proven track record, PCCW Solutions is a leading IT services provider in Asia Pacific, and is ranked as the No. 1 leader in system integration and application development in Hong Kong. In addition to a market leading brand, PCCW Solutions will bring to the strategic partnership its strong capabilities in system integration and application development, operational expertise, as well as a highly skilled talent pool.
Significant opportunity to unlock synergies
Lenovo’s and PCCW Solutions’ service offerings, expertise, go-to-market strategies and solutions development capabilities are highly complementary. The strategic partnership will provide one-stop customer solutions that integrate services, devices and digital infrastructure. Market data estimates the Asia IT Services market to be worth approximately US$320 billion for 2022 and is expected to grow at a CAGR of more than 10% to exceed US$470 billion by 2026. PLTS is uniquely positioned to capture the growth opportunities in the market.
Advisors
HSBC served as exclusive financial advisor and Cleary Gottlieb Steen & Hamilton (Hong Kong) served as legal advisor to Lenovo. J.P. Morgan served as exclusive financial advisor and Slaughter & May served as legal advisor to PCCW.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #159 in the Fortune Global 500, employing 75,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s leading PC player by expanding into new growth areas of infrastructure, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.
About PCCW
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 businesse
The Company holds a majority stake in the HKT Trust and HKT Limited, Hong Kong’s premier telecommunications service provider and leading operator of fixed-line, broadband, mobile communication and media entertainment services. HKT delivers end-to-end integrated solutions employing emerging technologies to assist enterprises in transforming their businesses. HKT has also built a digital ecosystem integrating its loyalty programme, e-commerce, travel, insurance, big data analytics, FinTech and HealthTech services to deepen its relationship with customer
PCCW owns a fully integrated multimedia and entertainment group in Hong Kong engaged in the provision of over-the-top (“OTT”) video service locally and in other regions, as well as content production, artiste management and the event busines
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