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 Takes On KPN In 3G Funding Row
June 12, 2003 - source: BWCS
The spat between KPN and Hutchison Whampoa is hotting up. The Hong Kong
conglomerate announced today that it had no intention of purchasing the
Dutch operator’s stake in 3, the Hutchison backed UK 3G operator. The
statement came one day after Hutchison Whampoa reported that it had filed
a lawsuit against KPN for not participating in the latest round of shareholder
funding for the Greenfield operator.
For their part, officials at the Dutch company allege that Hutchison
has breached the terms their agreement by trying to force shareholders
to provide more funding to 3. KPN says it contacted Hutchison on 27 May
demanding that the Hong Kong company bought its 15% stake in Hutchison
3G UK for a 40% premium. The debt-laden Dutch company argued that this
was in accordance with the shareholders’ agreement it had signed with
Hutchison Whampoa.
Today’s rebuttal by Hutchison will have the lawyers reaching for their
calculators. The company statement did not mince any words: “Hutchison
does not consider KPN’s notice to have any merit or substance”. Hutchison’s
lawsuit against KPN claims that the March 11th call for funding was valid
under the terms of the shareholder agreement. Hutchison, which owns 65%
of Hutchison 3G UK and Japanese operator DoCoMo, which owns 20%, both
agreed to contribute their share. Following KPN’s refusal to contribute
Hutchison had to stump up a further £150 million in addition to the £650
million it had already agreed to pay.
Update
And on Thursday, Standard & Poor's downgraded ratings of Hutchison Whampoa
to 'A-' because of uncertainty in the unproven 3G mobile phone services.
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3G Motorola A920
