Expanding satellite and hybrid IoT connectivity services across the Belt and Road Regions
HONG KONG SAR – Media OutReach Newswire – 9 September 2026 – HKT (SEHK: 6823) - PCCW Global, the international telecommunications service provider under HKT, and Druid Technology Co., Ltd. (Druid Technology), a Chinese mainland provider of intelligent IoT solutions, today signed a Memorandum of Understanding (MoU) at the 11th Belt and Road Summit in Hong Kong. Under the MoU, the two companies plan to jointly deliver one-stop IoT solutions that combine satellite and hybrid connectivity in the Chinese Mainland, Hong Kong, Macao, and Belt and Road regions.
Frederick Chui, CEO, PCCW Global (left) and Li Guozheng, Founder and CEO, Druid Technology (right) signed an MoU at the Belt and Road Summit.
As a provider of intelligent IoT terminals and solutions, Druid Technology will leverage its expertise in device design, multi-network adaptation, data processing and platform integration, together with PCCW Global's worldwide network services including roaming and cellular IoT to deliver one-stop, ready-to-deploy IoT solutions based on satellite and hybrid (satellite and cellular) connectivity. These solutions will support IoT applications such as remote tracking and monitoring for sectors including transportation, logistics, livestock farming and environmental management in remote locations and areas beyond the reach of conventional terrestrial networks.
Frederick Chui, CEO of PCCW Global, said: "PCCW Global is committed to delivering reliable connectivity and technology solutions through our extensive global network infrastructure. We are delighted to collaborate with Druid Technology and combine its expertise in intelligent IoT solutions with our own capabilities to strengthen our offering of one-stop IoT solutions for enterprise customers in both public and private sectors. Through this collaboration, we look forward to advancing the adoption of satellite and hybrid IoT solutions across Belt and Road markets, helping to meet the growing demand for reliable IoT connectivity and end-to-end solutions in remote and cross-border environments."
Li Guozheng, Founder and CEO of Druid Technology, said: "We are pleased to become an integrated solutions provider for PCCW Global. By combining Druid Technology's full-stack capabilities in intelligent IoT terminals, multi-system integration and physical world AI with PCCW Global's leading global network infrastructure, we will provide customers with more comprehensive one-stop IoT solutions. We believe this collaboration will enable customers to deploy intelligent IoT applications more quickly and reliably, even in remote locations and other challenging environments."
The solutions will cover terminal devices, network connectivity, data management and technical support. Leveraging its extensive global operational experience, PCCW Global will help accelerate the deployment of the solution across Chinese Mainland, Hong Kong, Macao, the Belt and Road regions and global markets.
Hashtag: #HKT #PCCWGlobal
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About PCCW Global
PCCW Global is a leading digital infrastructure provider, empowering businesses with agile, scalable and secure connectivity solutions. By combining a best-in-class network with our award-winning on-demand platform Console Connect, we help businesses navigate the network complexities of the digital world with ease. With extensive reach across international markets, we make it simple to connect and move data between clouds, apps, data centres and devices. At the core of our business is a belief that automated, high-performance network infrastructure has the power to elevate business and society. For more information, visit www.pccwglobal.com.
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The transaction follows the landmark property’s March 2026 debut and marks the completion of the joint venture transformation of the Lake Como site into a five-star EDITION hotel
BANGKOK, THAILAND – Media OutReach Newswire – 9 September 2026 – Bain Capital, a leading global private investment firm, and Omnam Group, a Europe-based hospitality real estate developer and investor, recently announced the sale of The Lake Como EDITION to Sansiri Capital, the hospitality trophy asset fund of Sansiri Public Company Limited, a leading Thai real estate developer with more than 40 years of experience. The transaction marks the culmination of the partners' transformation of the landmark Lake Como property into one of Italy's most significant new luxury hospitality destinations. The transaction is expected to be completed in the next several weeks. Completion remains subject to customary closing conditions and required third-party approvals. Financial terms were not disclosed.
Set on the shores of Cadenabbia, the property occupies a rare waterfront position opposite Bellagio, with access to Milan and Malpensa International Airport in approximately one hour. The landmark 19th-century palazzo was acquired by Bain Capital and Omnam Group in late 2021. An extensive redevelopment began in April 2022, reimagining the historic property as The Lake Como EDITION. The hotel opened in March 2026, just under six months ago, as part of Marriott International's EDITION Hotels portfolio, introducing a new expression of contemporary luxury to one of Italy's most iconic destinations.
At acquisition, Bain Capital and Omnam identified an opportunity to create a new luxury hospitality offering in a market characterized by strong international demand, limited five-star supply and significant barriers to new lakeside development. Acquiring the property with vacant possession enabled the partners to undertake a comprehensive repositioning rather than an incremental refurbishment.
The sale reflects growing international investor interest in distinctive, experience-led European hospitality assets and marks Sansiri's strategic expansion into Europe's luxury hospitality sector through the Sansiri Capital fund, further strengthening its portfolio of trophy assets. For Bain Capital and Omnam Group, the transaction demonstrates the value created by combining real estate investment, development expertise and leading hospitality partners to reposition a complex asset.
The redevelopment substantially reconfigured the property, reducing the former hotel's room count from nearly 300 to 148 larger rooms and suites and creating a new spa and wellness building, alongside an extensive food and beverage and leisure offering. The transformation also incorporated the property's distinctive waterfront amenities, including its floating pool and beach club.
Ali Haroon, a Partner and Head of Europe Real Estate for Bain Capital, said:
"Lake Como is a strong example of how we approach real estate investing in Europe. We focus on sectors supported by long-term structural demand and opportunities where our capital, local relationships and hands-on capabilities can fundamentally transform an asset. Together with Omnam, we have taken a highly underinvested property in an irreplaceable location and created a contemporary luxury destination for the international market. This is exactly the type of complex, execution-led opportunity we seek across our Europe Real Estate strategy."
David Zisser, CEO and Founder of Omnam Group, said:
"The Lake Como EDITION has been an ambitious undertaking from the outset. Our vision was to take a remarkable historic property in one of the world's most iconic destinations and give it new relevance through architecture, design and hospitality, while remaining deeply connected to the character of Lake Como.
Together with Bain Capital and an exceptional group of partners, we have taken that vision from acquisition and development through to the opening of a landmark new hotel. We are immensely proud of what has been created. The completion of this transaction is a significant milestone for Omnam and a testament to the strength of our development approach, while marking the beginning of an exciting new chapter for The Lake Como EDITION."
The sale of The Lake Como EDITION marks the latest chapter in Omnam Group's expanding presence across Europe, where an ambitious pipeline of projects is currently underway in Florence, Venice, Puglia and Sicily — each reimagining distinctive properties into internationally relevant lifestyle destinations.
The acquisition also marks a significant international investment for Sansiri Public Company Limited, bringing one of Lake Como's newest luxury hospitality assets into its trophy-asset portfolio through Sansiri Capital, the hospitality trophy-asset investment arm.
Napat Thavisin, President of International Operations, Sansiri Public Company Limited and Managing Director of Sansiri Capital, said:
"The acquisition of The Lake Como EDITION marks a significant milestone in advancing Sansiri's New S-Curve strategy. It strengthens our financial resilience and diversifies risk across our global hospitality portfolio. We remain focused on ultra-luxury trophy assets in gateway cities and high-demand leisure destinations—markets characterised by robust demand and inherently constrained supply. This disciplined capital-allocation approach is designed to maximise long-term shareholder value.
As Thailand's No.1 most trusted luxury real estate developer, with 40 year of experience, Sansiri brings a proven record in global markets from The Manner SoHo, New York to the growth of Standard International prior to its acquisition by Hyatt Hotels Corporation. Leveraging this expertise, we look forward to stewarding this exceptional investment in The Lake Como EDITION under Sansiri Capital's ownership, in collaboration with Marriott International, which will continue to operate the hotel, while further diversifying our revenue streams across major global currencies. Looking ahead, Sansiri will actively pursue trophy-asset investments in premier leisure and gateway destinations worldwide, reinforcing our position as a fully integrated global real estate and lifestyle investment platform."
Hashtag: #Sansiri
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The Lake Como EDITION
Penthouse
The Pool
The Lake Como EDITION
