Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
A blow for 3G in UK?
Posted on 26-Apr-2003 11:02. | Tags Filed under: News.



KPN Mobile (The Netherlands) announced that after careful consideration, it has informed Hutchison 3G (branded as "3" in UK and the rest of the world) that it will not grant a shareholder loan of 150 million.

KPN Mobile considers that the request for funding as issued by Hutchison 3G in March 2003 is a purely voluntary invitation to fund. KPN Mobile is under no legal obligation under its Shareholders' Agreement with Hutchison Whampoa Limited to meet this request. In September 2002 KPN Mobile announced that it will make no further investments in Hutchison 3G unless required to do so under its Shareholders' Agreement with Hutchison Whampoa Limited.

KPN Mobile owns 15% of "3", NTT DoCoMo (Japan) holds 20%, and has already stumped up the 200m requested of it, and Hutchison Whampoa said it would increase its own loan to 800m from 650m to make up the difference.


More information: http://www.three.co.uk...

comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

$1160 for a car battery??!!
Created by jonathan18, last reply by TimA on 19-Jan-2017 17:03 (34 replies)
Pages... 2 3


The President Of The USA: Donald Trump
Created by TimA, last reply by Sideface on 19-Jan-2017 11:19 (1743 replies)
Pages... 115 116 117


New Ford Mustang or Holden Commodore or alternatives
Created by MikeB4, last reply by WyleECoyoteNZ on 19-Jan-2017 17:06 (40 replies)
Pages... 2 3


Lost Mp3 collection, how to rebuild on the cheap (legally)?
Created by TeaLeaf, last reply by kickintheeye on 18-Jan-2017 23:05 (18 replies)
Pages... 2


Upsize my American houses to McMansion value deal.
Created by kingdragonfly, last reply by richms on 18-Jan-2017 15:48 (14 replies)

Mountain Bike Recommendation
Created by networkn, last reply by joker97 on 15-Jan-2017 22:14 (14 replies)

Stockholm ambulances to trial blocking drivers' music so sirens can be heard
Created by Geektastic, last reply by Oblivian on 19-Jan-2017 15:56 (26 replies)
Pages... 2


New Unlimited Fixed Broadband
Created by LivingSkinny, last reply by noroad on 19-Jan-2017 11:14 (55 replies)
Pages... 2 3 4