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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
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The Hong Kong Telecommunications Authority announces today that it had decided to waive the submission of performance bonds due in October 2003 because of pressure from the four 3G mobile phone licensees to pull out all 3G investments.
"We have decided to give the 3G licensees another one-year waiver on the submission of performance bonds to assist the industry in response to changing market conditions. Our decision is taken after careful consideration of needs of the industry and the steps other Governments have taken to help their 3G licensees," said a spokesperson of the Office of the Telecommunications Authority (OFTA).
A Hong Kong telecom analyst told 3GNewsroom.com, "This doesn't make any difference because all four 3G operators were going not to pay and threaten to give the 3G licenses back if they were forced to pay. What the operators really want is lower 3G revenue tax."
Under the 3G license agreement, each of the four 3G licensees have to pay 5% tax on 3G revenue on top of normal revenue regenerated from other 2G operations.
"The extension of waiver for one more year is an exceptional treatment unlikely to be offered next year in respect of the performance bond due in October 2004," continued the OFTA spokesperson.
The 3G licensees have, on the grant of the licences in October 2001, to pay HK$50 million (£3.7 million) spectrum utilization fee (SUF) for the first five years to the Hong Kong government.
In October 2002, the government granted the 3G licensees a one-year waiver on the submission of performance bonds as well after pressure from all four 3G licensees
In September 2001, the Hong Kong government issued four 3G license to six of the city's mobile phone operators- Hutchison 3G HK, HK CSL, Smartone 3G and Sunday 3G.
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