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 | 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...
Trending now »

Hot discussions in our forums right now:

Single use plastic bags to be banned.
Created by Lastman, last reply by Batman on 16-Aug-2018 22:53 (228 replies)
Pages... 14 15 16


Importing Powerbanks - any restrictions? advice?
Created by dias87, last reply by nzkiwiman on 16-Aug-2018 17:17 (38 replies)
Pages... 2 3


Running network cable for old house in Wellington
Created by kiwijunglist, last reply by Zeon on 16-Aug-2018 23:24 (16 replies)
Pages... 2


Password manager for iPhone with cloud back up
Created by dafman, last reply by BarTender on 14-Aug-2018 21:08 (16 replies)
Pages... 2


Home security camera seeing neighbour's property
Created by robfish, last reply by Bung on 15-Aug-2018 14:56 (30 replies)
Pages... 2


Sharp microwave - 'burn' marks on door and chassis
Created by geekIT, last reply by Coil on 14-Aug-2018 18:18 (14 replies)

Spark Secures 3 Year EPL
Created by tdgeek, last reply by stinger on 14-Aug-2018 13:03 (13 replies)

Another "Who's at fault" game...
Created by Jeeves, last reply by tehgerbil on 16-Aug-2018 11:25 (12 replies)