DIRECTEL's subsidiary signs equipment purchase agreement with Hengyi International
DIRECTEL announced that it has signed a equipment purchase agreement with Hengyi International. The buyer, Zhonggangtong Telecommunications Co., Ltd., will purchase telecommunications equipment and services for approximately HKD 5.89 million. The agreement includes equipment such as GSP, HSS, GTP routers, and PGW, aimed at replacing outdated core network equipment to enhance the efficiency, reliability, and scalability of mobile communication networks, ensure better integration with existing networks, improve service quality, and support the group's long-term development and competitiveness
According to a report from Zhitong Finance APP, DIRECTEL (08337) announced that on August 26, 2025 (after trading hours), the buyer, China-Hong Kong Telecom Co., Ltd. (an indirectly wholly-owned subsidiary of the company), entered into an equipment purchase agreement with the seller, Hengyi International Limited. Under this agreement, the buyer agrees to purchase, and the seller agrees to sell telecommunications equipment and services, with a total consideration of approximately HKD 5.89 million, to operate the group's main business in the telecommunications segment.
The telecommunications equipment and services include (i) GSP (General Signal Platform), HSS (Home Server compatible with IMS), GTP Router, PGW (PDN Gateway); and (ii) configuration, adaptation, connection to existing systems, training, and technical support for a specified period.
The equipment purchase agreement allows for the replacement of some outdated core network equipment to meet the growing demands for new product functionalities and capacities. This will enhance the operational efficiency, reliability, and scalability of the group's mobile communication network. Furthermore, the upgraded equipment and services will ensure better integration with the existing network and improve overall service quality, aligning with the group's long-term business development and competitiveness in the telecommunications industry
