Qualcomm and Teleepoch
Enter Into a 3G CDMA Subscriber Unit License Agreement, October
6, 2007
MTN chooses Cambridge Broadband
Networks for multi-service wireless network in Rwanda, October 6,
2007
Brazilian government to
publish 3G bidding rules soon, October 6, 2007
KTF 3G service suffers
from technical problems, October 6, 2007
Argentina’s Personal
lunches 3G service in Rosario, October 6, 2007
Russia has it's first 3G
network, October 6, 2007
AT&T could drop Alcatel-Lucent
as 3G mobile network supplier, October 6, 2007
Enea Extends License Agreement
with ZTE for 3G Handsets, October 2, 2007
LG to unveil premium handsets
in Brazil, October 2, 2007
KTF 3G subscribers doubled
in less than 3 months, October 2, 2007
3G policy in India will
be non-uniform, October 2, 2007
- previous news
|
|
| |
No firm plans for 3G sell-off, says Hutch
April 9, 2005 - source: BWCS
Having reported better than expected net profits for 2004 last week, Hong Kong-based mobiles to ports group Hutchison Whampoa has denied it has any concrete plans to dispose of either its UK or Italian 3G businesses. However, it is understood that the company will push ahead with plans to spin-off its fast-growing Indian mobile unit in the second half of this year. The sale was originally expected in June.
The planned sale of its Indian interests should raise some US$350 - US$500 million for the group. More importantly it would set a precedent for spinning off mobile divisions. Li Ka-shing, the billionaire owner of Hutchison, has already dropped strong hints that he may dispose of either the Italian or British loss-making mobile units before the end of this year.
Such a move would fit in well with the company's long history of asset-trading, for the moment however, Ka-shing is refusing to confirm any such move. Instead he would only say that plans are being put in place to set up new capital structures for the 3G units as the business becomes self-financing in the 2005-2006 period.
|
|
