Hutch considers selling out of Israel
Emerging markets spin off Hutchison Telecommunications International (HTIL) said it is considering offloading its indirect stake in Israeli operator Partner Communications.
Orange Austria, owned by France Telecom, is to be acquired by Hong Kong’s Hutchison, which competes with Orange through its 3 Austria operation. The deal, worth €1.3bn, consolidates the third and fourth players in the Austrian market.
Irish Communications Minister Pat Rabbitte has announced details of a rural broadband scheme for the country. The scheme is geared towards ensuring universal broadband access in Ireland before the end of 2012. According to the Minister, individual premises in rural areas that have been unable to obtain a broadband service will be able to avail of one on request.
Emerging markets spin off Hutchison Telecommunications International (HTIL) said it is considering offloading its indirect stake in Israeli operator Partner Communications.
The newly inaugurated handset unit that emerged from the incubator of Hong Kong’s Hutchison Whampoa, showed off the fruits of its labour on Thursday. The INQ1, designed by INQ Mobile and built by Chinese electronics firm Amoi (which also built the 3 Skypephone), puts the focus on internet-based communication tools like Facebook. The device, which [...]
Hong Kong conglomerate Hutchison Whampoa looks like it’s about to try its luck in the handset design space. A new subsidiary called INQ Mobile has recently set up shop, and while the unit does not appear to have yet launched, its mission statement is quite clear – to design multimedia focused phones for use on [...]
Hong Kong conglomerate Hutchison-Whampoa defied the economic gloom on Thursday, shrinking losses at mobile unit 3 Group for the six months to the end of June by 72 per cent year on year to HK$3.2bn. Revenues for the same period also jumped 14 per cent from HK$28bn to HK$32bn, as the groups 3G customer base [...]
In a terse announcement on Thursday, Hutchison-Whampoa-owned mobile operator 3, said it would be bringing the Apple iPhone to Hong Kong and Macau later this year. There is still some confusion over whether the iconic device will make an appearance on the Chinese mainland however, after leading wireless operator China Mobile called off discussions with [...]
The UK mobile operation of Hong Kong conglomerate Hutchison Whampoa was struck a severe blow on Tuesday, as competition authorities ordered the company to cut its call termination rates by 45 per cent. Mobile call termination rates (MTR) are the charges one network operator imposes on another to connect calls on its network. The ruling [...]
Hong Kong conglomerate Hutchison Whampoa hit out at the critics on Thursday, saying that industry watchers should look at its business as a whole, rather than focusing on the loss making 3G unit. Frank Sixt, the group’s finance director, basically said that it was unfair for the media and analysts to have the same focus [...]
Hutchison Whampoa’s 3G operation, the 3 group, narrowed its losses by 45 per cent last year, according to figures released Thursday. Chairman of the Hong Kong company, Li Ka-shing, said that the group’s loss for 2006 dropped to HK$20bn (Eur1.9bn) from HK$36bn in 2005. 3′s revenue for the year grew 35 per cent to HK$50.6bn. The [...]