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
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Hutchison 3G may require an extra Euro 2 billion
December 4, 2003
Hutchison Whampoa may need to spend an extra Euro 2 billion on its 3G
mobile phone business due to a delay in the delivery of new handsets to
Europe.
Finance director Frank Sixt told the Financial Times that Hutchison's
3G operations in the UK and Italy, could increase its funding requirements
because of a delay in handset delivery to Three.
"Because we are coming out of this year with a lower number of customers
and, therefore, a lower run rate of revenues than we would have wished
... this could increase the peak funding by Euro 1.5-2.0 billion," Sixt
said.
The extra contribution would bring Hutchison's 3G investment to more
than €20bn, requiring the company to find up to €7bn in the next three
years.
"The extra funding needed is obviously not the desired outcome at this
stage but it's far from being a big deal in the context of business plans
of this scale," Sixt said.
Mr Sixt said any extra spending for 3G would come from cost savings,
internal cash flow from other parts of the conglomerate or the debt market.
Spokeswoman Laura Cheung said Hutchison has to either delay the break-even
target or we will need to increase funding. She said the break-even target
would be pushed back by two or three quarters from the end of 2005 into
2006.
"But we have not decided on our strategy," she added.
3 UK said on Wednesday it had enough handsets to launch a low-cost, pre-pay
service in the first half of 2004 that was initially planned for the Christmas
period. Their suppliers promised to deliver phones such as the NEC e616
in the first quarter.
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3G Motorola A920
