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No 3G Exit for 3 |
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1st June, 2004 |
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ASIA : In response to unfounded market speculation about a possible exit of Hutchison Whampoa (HWL) from Hutchison 3G UK (H3G UK), HWL states that it categorically denies the rumours and reiterates its commitment to H3G UK, which is showing strong signs of growth. HWL Group Managing Director Canning Fok ( inset above ) said, "3 UK has made excellent progress. The network is performing very well and there is an ample supply of handsets in our stores. The range of products and contents is expanding quickly. "The newly launched LG phone has been well received and sales figures are very encouraging. Our risk period is over and we are now in the growth phase of our business. Our subscriber numbers are increasing rapidly and we will make an announcement in August on the updated figure. Revenue is growing, and HWL is still confident of an EBITDA breakeven in 2005. "With US$18.4b cash and marketable securities on hand, our financial position remains very strong," Mr Fok added. |
TODAY'S
PRESS RELEASES BELOW All Material Subject to Copyright. All logos, graphics and trademarks are the property of their respective owners. |
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3G's Own 3G Mobile Store |
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| Press Releases |
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| No 3G Exit for 3 |
| In response to unfounded market speculation about a possible exit of Hutchison Whampoa (HWL) from Hutchison 3G UK (H3G UK), HWL states that it categorically denies the rumours and reiterates its commitment to H3G UK, which is showing strong signs of growth. |
| 3 Isn’t Just 3G |
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| UbiNetics, a world leader in 3G Terminal and Test & Measurement technology, has announced the licensing of its 3G Multimode Protocol Stack Software to its 10th Customer. |
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