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's reaction to S&P credit rating downgrade to A-
June 14, 2003
Standard & Poor's downgraded the rating of Hutchison Whampoa to 'A-'
on Thursday to reflect their negative outlook on the prospect of the conglomerate's
3G businesses prompted a swift statement respond from the group.
Hutchison Whampoa believes the one-notch downgrade to 'A-' from 'A' (outlooks
negative) was unfair, "This is disappointing to us as these businesses
have only recently launched and we do not believe S&P's negative view
warranted a ratings action."
Last week, Hutchison 3G have launched their first major summer marketing
campaigns in Italy and the UK with new tariff plans to beat off rival
operators. According to the company, the "Initial customer response to
these campaigns is very strong and we are confident that we are on track
to achieve a solid operating performance in our 3G businesses this year."
The group believes loses to start-ups are customary, "Of course like
all start-ups, our 3G businesses will incur start-up losses in the early
years."
Hutchison stresses the company have enough fund to cover the loses, "It
is for this reason that we have ensured that these businesses are fully
funded and adopted a prudent financial management policy minimizing leverage
in all our businesses and maintaining a high level of liquidity."
Hutchison is "confident that our 3G businesses will provide strong growth
prospects for the group and that our resources are more than adequate
to cover all HWL's refinancing requirements as well as the needs of our
3G businesses and of all other businesses going forward."
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3G Motorola A920
