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 Whampoa may be downgraded due to 3G
March 29, 2003
Hong Kong's Hutchison Whampoa, may have its credit downgraded by rating
agencies with the groups uncontrollable 3G spending.
Eden Wong, telecom credit analyst at ING Financial Markets in Hong Kong,
said, "The company will continue to spend more on 3G, leading to a deterioration
of its financial profile, which will lead to a downgrade."
One of the main reason is that Hutchison's gamble on 3G remains a looming
presence for investors worried that the untried 3G business could flop.
Hutchison Whampoa announced a US$4.2 billion saving on 3G equipment cost
last week but with US$16.7 billion planned for its 3G networks, it is
a mere dent in costs if the technology doesn't get the subscribers it
needs, analysts said.
Hutchison reported that it has signed up 50,000 customers in Italy and
10,000 in the UK during the first month of operation, Hutchison will have
a long way to go before it reaches the intended target of one million
users by the end of the year. The operator started accepting orders at
the beginning of March through the web and retail channels and is now
starting to deliver handsets to users.
The group hoped to pour an extra £1billion into the UK 3G venture with
partners NTT DoCoMo and KPN Mobile. But KPN declined to raise more cash
for the venture, leading Hutchison to bridge the funding gap. DoCoMo,
Japan's largest mobile carrier, has already written down its costly UK
3G investment.
After two years of delays in the launch process due to teething technical
glitches and high handset prices, there are too many uncertain events,
which does not ease investors' concerns.
"Hutchison still has a lot of event-risk associated with it [3G]," said
Alan Greene, credit analyst at Barclay's Capital and added "We're far
from convinced about the success of 3G."
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3G Motorola A920
