3GScottishUser
10th October 2005, 11:43 PM
From Reuters (10/10/05):
HONG KONG (Reuters) - Hutchison Whampoa Ltd., the first operator to roll out third-generation mobile phone services in Europe, said on Monday its global 3G subscriber count had exceeded 10 million.
The Hong Kong conglomerate, which hopes to raise up to 2.5 billion euros by listing its Italian 3G operation on the Milan bourse later this year, had previously reported 9.4 million users as of late August.
The company is investing roughly $25 billion globally in multimedia-enabled 3G, a commitment that for several years dragged down its stock price, although sentiment has improved as the business grows and the Italy listing nears.
Rival carriers including Vodafone Group Plc. now offer competing 3G services.
Hutchison, controlled by Hong Kong's richest tycoon, Li Ka-shing, also operates 3G networks in markets including the UK, Australia, Hong Kong and Sweden.
http://today.reuters.com/news/newsArticle.aspx?type=technologyNews&storyID=2005-10-10T134816Z_01_BAU049681_RTRUKOC_0_US-TELECOMS-HUTCHISON-3G.xml
HONG KONG (Reuters) - Hutchison Whampoa Ltd., the first operator to roll out third-generation mobile phone services in Europe, said on Monday its global 3G subscriber count had exceeded 10 million.
The Hong Kong conglomerate, which hopes to raise up to 2.5 billion euros by listing its Italian 3G operation on the Milan bourse later this year, had previously reported 9.4 million users as of late August.
The company is investing roughly $25 billion globally in multimedia-enabled 3G, a commitment that for several years dragged down its stock price, although sentiment has improved as the business grows and the Italy listing nears.
Rival carriers including Vodafone Group Plc. now offer competing 3G services.
Hutchison, controlled by Hong Kong's richest tycoon, Li Ka-shing, also operates 3G networks in markets including the UK, Australia, Hong Kong and Sweden.
http://today.reuters.com/news/newsArticle.aspx?type=technologyNews&storyID=2005-10-10T134816Z_01_BAU049681_RTRUKOC_0_US-TELECOMS-HUTCHISON-3G.xml