Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
What if Hutchison walks away from 3G?
Posted on 11-Jun-2003 19:58. | Tags Filed under: News.

What if Hutchison walks away from 3G?
With far less subscribers than the initial forecast of 2 million users by the end of 2003 (currently 25,000 in UK and 100,000 in Italy) Hutchison reduced prices last week, in another attempt to lure the consumer.

But the comnpetition is not impressed. Both Orange and mmO2 said that they were not worried about the price cuts, which are up to 50% below the UK average, and that service quality and customer experience were more important than price. But their cool reaction did not stop shares in the operators from sliding as markets feared that the European mobile phone industry was headed for a price war.

Some analysts believe Hutchison may pull the plug on 3G if it continues to fall short of expectations rather than let its credit rating slip into non-investment grade. Dilip Parameswaran, director of credit research at Credit Agricole Indosuez, said, “We believe Hutchison would be prepared to walk away from 3G, given the great care it has taken to structure 3G financing separately from the rest of the business.”

More information:

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Rise of the machines
Created by Rikkitic, last reply by richms on 24-Oct-2016 11:41 (30 replies)
Pages... 2

Sony XZ Owners discussion
Created by networkn, last reply by Jizah on 24-Oct-2016 11:06 (106 replies)
Pages... 6 7 8

Gigabit cable now available
Created by sub, last reply by Pumpedd on 23-Oct-2016 10:48 (59 replies)
Pages... 2 3 4

Who is this women? She is possibly the most famous women on the internet and nobody knows who she is.
Created by jimbob79, last reply by cynnicallemon on 20-Oct-2016 13:28 (14 replies)

Labour weekend plans?
Created by DarthKermit, last reply by joker97 on 22-Oct-2016 09:51 (27 replies)
Pages... 2

Is windows 10 anniversary update causing you problems
Created by robjg63, last reply by mdav056 on 20-Oct-2016 14:01 (27 replies)
Pages... 2

Windows 10: HDMI or DP to connect to 4K monitor?
Created by joker97, last reply by joker97 on 23-Oct-2016 19:04 (12 replies)

Kiwibank Platinum by fees not by service?
Created by joker97, last reply by openmedia on 22-Oct-2016 11:23 (22 replies)
Pages... 2