Hutchison increases 3G operations in Australia

date: January 29, 2002

Hutchison Telecommunications said on Tuesday it had agreed to acquire most of the mobile phone network assets Lucent Technologies built for collapsed telco One.Tel.

Junior telco Hutchison said its 3G mobile alliance with Telecom Corp of New Zealand would acquire a majority of the network assets from U.S.-based Lucent.

The company said Hutchison 3G Australia Pty would assume lease liabilities associated with the network, once valued at A$1.1 billion, but the deal did not involve a cash outlay.

Lucent and Hutchison refused to disclose further details.

Hutchison chief executive officer Kevin Russell said the deal supported the company's plans to roll out 3G services in Sydney, Melbourne and Brisbane at the end of 2002 or in early 2003.

Russell said the deal, effective in April, would provide Hutchison with more than 60 percent of the base stations it will require to roll out 3G. The transaction did not include One.Tel's switch site leases.

Hutchison, 58 percent owned by Hutchison Whampoa , announced the A$43 million sale of its resale customer base and 350 job cuts in October so it could focus on 3G services. Hutchison has said it plans to spend A$3 billion on 3G services over the next five years.

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