Hutchison Whampoa

3UK hit hard by competition authority ruling

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 […]

Hutch hits back at 3G critics

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 […]

3 cuts losses by 45%

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 […]

3 Denmark intros HSPA

Hutchison Whampoa’s Danish 3G operation, 3 Scandinavia, switched on its High Speed Packet Access (HSPA) network on Tuesday, delivering download speeds averaging 1Mbps to 1.5Mbps and peak speeds of up to 3.6Mbps. The higher speeds will initially be supported buy data cards targeted at business users but consumers are likely to benefit from more accessible […]

3 embraces mobile internet model

Hong Kong conglomerate Hutchison Whampoa unveiled a mobile broadband service on Thursday, which the company intends to use to deliver a fixed line type experience. From December 1, the company’s UK 3G operation, 3 UK, will offer services under the brand ‘X-Series’ which include unlimited IP telephony via Skype, instant messaging via Microsoft and Yahoo! […]

Hutch quashes 3 sale rumours

As if Hutchison Whampoa’s move to take on fixed broadband players was not evidence enough that the company is not planning to offload 3, group managing director Canning Fok put paid to any rumours of a sale on Thursday. In what appears to be an in house interview published on the company’s web site, Fok […]

Hutch delays breakeven for 3

Hong Kong conglomerate Hutchison Whampoa hinted at performance problems Thursday, when it delayed the break even target for its 3G operations from this year to the first half of 2007. At the company’s first half financials announcement, billionaire Li Ka-shing said he expects that expects that the 3 Group will continue to report improved financial […]

Hutch hits Indian obstacle

Hutchison Whampoa’s emerging markets spin off, Hutchison Telecoms International Ltd. (HTIL), turned a profit during the first half of the year, the company said Wednesday. Profit for the six month period reached HK$644m (¬£43.6m), up from a loss of HK$220m last year. Turnover increased 48 per cent to HK$15.6bn, compared to HK$10.6bn in the same […]

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