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.
Hutchison Whampoa says that it plans to stay on 3
Posted on 31-May-2004 22:13 | Tags Filed under: News


Hutchison Whampoa says that it plans to stay on 3
In response to some market speculation about a possible exit of Hutchison Whampoa from Hutchison 3G UK, the company issued a press release stating that it categorically denies the rumours and reiterates its commitment to H3G UK. The company says in the press release the 3 UK is showing strong signs of growth.

HWL Group Managing Director Canning Fok 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.




More information: http://hwl.com.hk...




comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

iPhone 8/iPhone X, impressions?
Created by surfisup1000, last reply by dickytim on 21-Sep-2017 06:46 (348 replies)
Pages... 22 23 24


Auckland Airport fuel supply obliterated by digger
Created by Batman, last reply by Fred99 on 21-Sep-2017 07:17 (184 replies)
Pages... 11 12 13


Driving an automatic - do you use one foot or both?
Created by geekIT, last reply by kingdragonfly on 21-Sep-2017 07:21 (60 replies)
Pages... 2 3 4


How to backup/copy an iphone app?
Created by Batman, last reply by scuwp on 19-Sep-2017 19:37 (24 replies)
Pages... 2


When did we become America
Created by BTR, last reply by Fred99 on 20-Sep-2017 20:03 (46 replies)
Pages... 2 3 4


IOS 11 email client and Office 365 - heads up people
Created by gjm, last reply by mattwnz on 20-Sep-2017 17:15 (18 replies)
Pages... 2


Sky blames piracy for lost customers. Sky: it's time to wake up and smell the coffee.
Created by kingdragonfly, last reply by tdgeek on 19-Sep-2017 20:34 (479 replies)
Pages... 30 31 32


vodafone shutting down email?
Created by FatFurryGuy, last reply by Zigg on 21-Sep-2017 00:13 (286 replies)
Pages... 18 19 20