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Hutchison to Add More Spending in Europedate: March 21, 2002 Hutchison Whampoa said on Thursday it targets one million third-generation mobile phone users each in the UK and Italy in 2003. The company is scheduled to launch Europe's first 3G mobile phone networks, in Britain and Italy, in the fourth quarter of 2002. The company also said it has slated US$3.2 billion for capital expenditure on its third-generation wireless operations in Europe in 2002, up from US$1.1 billion the previous year. Speaking to the press, the company's managing director, Canning Fok, said the figure covers total spending for the five 3G networks the company is building in Europe. In addition to Italy and the U.K., Hutchison has secured licenses to build 3G networks in Austria, Sweden, and Denmark.
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