3g-g
16th May 2005, 05:53 PM
So it's not looking that good for the varients of Hutch worldwide, it seems in Australia 3G growth is slowing down, I wonder if it's the same in the UK. With the lack of movement from the 3 camp in recent weeks/months I can only see them stating the same for here. It seems to be loss, loss, loss reported for all the 3/Hutch representations.
Read the original article here. (http://www.marketwatch.com/news/story.asp?guid=%7B2B6BAB39-EFC5-48BA-B02F-A26BD5BE1875%7D)
SYDNEY (MarketWatch) -- Mobiles company Hutchison Telecommunications (Australia) Ltd. (HTA.AU) said Monday that growth in third generation mobile customers has slowed in recent months because of fierce competition.
"Net customer growth over recent months has softened in the face of heightened competitor activity," Chief Executive Kevin Russell said in speech notes for the company's annual meeting.
"However, we expect growth rates in the remaining part of the year to return to levels we saw in the second half of last year," he said.
Hutchison, which competes in Australia against its bigger rivals Telstra Corp. (TLS) and the local units of Singapore Telecommunications Ltd. (T48.SG) and Vodafone PLC (VOD), added about 213,000 3G customers in July-December of 2004.
Customer growth would be stimulated by a new range of handsets, the launch of new messaging services for the small and medium business market, and introducing 3G services to Canberra, Russell said.
In April, Hutchison Australia's parent company Hutchison Whampoa Ltd. (0013.HK) said its Australian unit added about 90,000 3G customers in January-March, taking total 3G customers to 543,000.
About 85% of Australia's 20 million people have a mobile telephone.
Russell reiterated that he remains confident Hutchison Australia's losses peaked in 2004 and the company will be generating profit at the earnings before interest, tax, depreciation and amortization level by the end of 2005.
The company's 2G mobiles business, Orange, is likely to have relatively flat revenue in 2005 as postpaid customers are shifted to the 3G network and resources are more directed toward keeping customers than winning them.
Hutchison Australia made a loss of A$552 million in its fiscal year ended Dec. 31, 2004.
Read the original article here. (http://www.marketwatch.com/news/story.asp?guid=%7B2B6BAB39-EFC5-48BA-B02F-A26BD5BE1875%7D)
SYDNEY (MarketWatch) -- Mobiles company Hutchison Telecommunications (Australia) Ltd. (HTA.AU) said Monday that growth in third generation mobile customers has slowed in recent months because of fierce competition.
"Net customer growth over recent months has softened in the face of heightened competitor activity," Chief Executive Kevin Russell said in speech notes for the company's annual meeting.
"However, we expect growth rates in the remaining part of the year to return to levels we saw in the second half of last year," he said.
Hutchison, which competes in Australia against its bigger rivals Telstra Corp. (TLS) and the local units of Singapore Telecommunications Ltd. (T48.SG) and Vodafone PLC (VOD), added about 213,000 3G customers in July-December of 2004.
Customer growth would be stimulated by a new range of handsets, the launch of new messaging services for the small and medium business market, and introducing 3G services to Canberra, Russell said.
In April, Hutchison Australia's parent company Hutchison Whampoa Ltd. (0013.HK) said its Australian unit added about 90,000 3G customers in January-March, taking total 3G customers to 543,000.
About 85% of Australia's 20 million people have a mobile telephone.
Russell reiterated that he remains confident Hutchison Australia's losses peaked in 2004 and the company will be generating profit at the earnings before interest, tax, depreciation and amortization level by the end of 2005.
The company's 2G mobiles business, Orange, is likely to have relatively flat revenue in 2005 as postpaid customers are shifted to the 3G network and resources are more directed toward keeping customers than winning them.
Hutchison Australia made a loss of A$552 million in its fiscal year ended Dec. 31, 2004.