sentences:  It was a subsidiary of New World Development, via New World Telephone Holdings; New World Telecommunications was acquired by a competitor, Hong Kong Broadband Network (HKBN) in February 2016.In the same year New World Telecommunications was renamed to HKBN Enterprise Solutions, as a subsidiary of HKBN.New World Telecommunications was established in 1992 by transforming from Rowenty Power, a shelf company that was incorporated on 14 January of the same year in the British Hong Kong.