 In the same year the company was renamed to New World Mobile Holdings.In March 2006, NWPCS merged with Hong Kong CSL Limited to form CSL New World Mobility, a new intermediate holding company that was owned by Telstra (76.4%) and New World Mobile Holdings (23.6%) at that time.In October 2006, New World Mobile Holdings sold its 23.6% stakes of CSL New World Mobility to New World Mobile Holdings' parent company New World Development.