- Business
- Vodatel Networks Holdings Limited Vodatel Networks Holdings Limited (8033.HK), an investment holding company incorporated in Bermuda in 1999 and headquartered at 74 da Rua da Felicidade, Taipa, Macau, primarily engages in the design, sale, implementation, and maintenance of turnkey solutions in information technology, networks, and surveillance across Macau, Hong Kong, Mainland China, and select overseas locations. The company provides network and systems infrastructure; customer data automation, customization, integration, and technical support services; customized software solutions; computer software, hardware, and system integration services; information and communications technology hosting, managed, and cloud services; data networking systems and related engineering services; warehouse services; surveillance solutions including video management systems and cameras; cyber security, cloud security, and Internet of Things security; cloud data centre automation; multi-cloud solutions for smart cities; seamless communications such as unified and TETRA systems; comprehensive enterprise solutions through subsidiary Mega Datatech Limited encompassing computing equipment, servers, storage, firewalls, networks, surveillance, and maintenance support; and network management systems through subsidiary TideStone including intelligent monitoring, alarm systems, and data centre management. It serves public sectors, telecommunication, Internet-related, educational, medical, gaming, hospitality, utilities, transportation, insurance, banking, and government customers. In 2024, the company secures record-high contracts exceeding HK$640 million, including over HK$200 million in data networking from two pillar Mainland China customers for AI infrastructure upgrades, series of deals worth HK$76 million from a leading creative content platform operator for data centre switches in Mainland China and the U.S., HK$40 million for Hong Kong and Mainland China data centres, and multiple gaming operator contracts in Macau for IT infrastructure, surveillance, and data networks totaling over HK$32 million; it completes its first Hong Kong surveillance project for a government body supporting 500+ locations, grows SD-WAN business significantly in Hong Kong and Mainland China via subscription renewals, restructures Mega Datatech's technical teams and product portfolio for enhanced efficiency, and reports revenue growth to HK$604.8 million with profit up over 40% year-on-year despite pressures in managed services and gaming margins.