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

Hutchison to fund 3G losses by selling phone business

January 15, 2004

Hutchison Whampoa is planning to sell its fixed-line phone operation to an affiliate that could raise more than $500 million to offset losses on its European 3G mobile phone venture.

Bloomberg News reported sources familiar with the plan said the company will sell Hutchison Global Communications to Vanda Systems Communications, a software business, in return for Vanda shares and convertible debt.

The sale will increase Hutchison's 37% hold in Vanda. Bloomberg said the deal could be designed to deliver profits at a time when Hutchison has to absorb losses from a $23 billion, investment in high-speed mobile services in 10 countries.

The sale would allow the fixed-line business gain local stock exchange listing through Vanda, after plans to conduct an initial public share sale failed.

Hutchison plans to sell Vanda's shares in the market to ensure public investors own a sufficient holding to maintain the company's listing, but still hold on to more than half of the subsidiary, the sources said.

Hutchison's 3G mobile services posted losses of $3.9 billion before interest and tax for the first half of 2003.

Top Sellers at our online store 1. NEC e606 on 3 2. Orange Nokia 7250i 3. O2 Samsung A800 4. NEC e808 on 3 5. Motorola A920 on 3 last updated: January 12, 2004 Visit our online store, click here 3 phones 3G Motorola A920 Available Now! Superb full colour touch- sensitive screen with a built-in digital camera for Video Calling. Buy now from Free   M-Profits: Making Money from 3G Services ISBN: 0470847751 This book discusses 3G services from the view of what is needed for the service to provide value to the user, what is the value proposition for the user, how will money be made out of delivering the service, and discussions on how revenue sharing propositions might work to benefit content providers and network operators. 3G operators should take note of this highly recommended book. buy it UK | USA 3G Books to Read! Books to search: Title Description OR Search by categories: Application Business General Handset Network Standard