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  1. Li revises 3G break-even target to next year

    Posted Jan 05th 2008, 12:00am by Sandy Li

    ... Sandy Li Hutchison Whampoa chairman Li Ka-shing expects its 3G business to break even on an operational basis next year, as opposed to his earlier target of this year. At Hutchison's ... dinner last night, Mr Li changed his forecast to breaking even on the ebit level only by next year. 'Our 3G business will turn a new page in 2008, on a path to achieving positive full-year ...

  2. Hutchison jumps on talk it may sell Italian 3G unit

    Posted Sep 13th 2007, 12:00am by Staff Reporter

    ... Wong Ka-chun Hutchison Whampoa shares surged yesterday on speculation the ports-to-telecommunications conglomerate will sell its Italian 3G unit, a sign it may be preparing to cut its ... reach a new record. A Hutchison spokesperson declined to comment on the report. Li Ka-shing's technology flagship has lost HK$120 billion on its investment in 3G technology since 2002, ...

  3. Hutchison's net soars 53pc despite 3G loss

    Posted Aug 24th 2007, 12:00am by Staff Reporter

    ... 14 per cent to HK$141.52 billion. Losses in the 3G business narrowed 6 per cent to HK$11.32 billion from HK$11.99 billion, but pressure is mounting as a new law in Italy bans all operators from charging certain fees on pre-paid cards while competition in Britain has been intensifying. Still, Hutchison maintains its target to break even in its 3G division next year. The company ...

  4. 3G may turn corner but Hutchison shareholders pay dearly

    Posted Mar 23rd 2007, 12:00am by Tom Holland

    ... over the past four years has racked up operating losses of HK$84 billion on top of a capital investment of nearly HK$200 billion. Given the scale of Hutchison's 3G losses, it is hardly ... per cent stake in its flagship ports business to PSA International of Singapore and gains of HK$3.8 billion booked as profit on the revaluation of property holdings. The 3G business lost HK$20 ...

  5. View from 3G cash summit warms faithful

    Posted Aug 26th 2005, 12:00am by Tom Holland

    ... only come as a huge relief. Investment in 3G has so far swallowed up an estimated $195 billion in capital, forcing the company to sell off stakes in some choice assets in order to maintain bottom-line earnings. Until now Hutchison has had relatively little to show for its money. Sure, the company has succeeded in signing up over 9.4 million subscribers worldwide to its 3G services ...

  6. Property gives Li a lift, but 3G still a loser

    Posted Aug 26th 2005, 12:00am by Michael Logan

    ... of tycoon Li Ka-shing, Cheung Kong (Holdings), shrug aside ongoing losses in the group's 3G mobile phone business, to post a 52 per cent gain in half-year net profit to $10.37 billion. 'It ... in the right direction.' But the result may have been even better if it were not for another big loss contributed by the 3G business operated by Hutchison Whampoa, which is 49.97 per cent owned ...

  7. Italian 3G debacle takes shine off Hutchison golden boys

    Posted Feb 14th 2006, 12:00am by Tom Holland

    ... ability to convince customers to trade up from using their 3G phones only for old-fashioned voice calls and text messages to taking advantage of the sophisticated premium services the company ... are putting on it may be nearer the mark. Either way, the chances that Hutchison will make good its promise to turn a profit on its $195 billion investment in worldwide 3G operations by next year ...

  8. Hard cell

    Posted Mar 26th 2012, 12:00am

    ... massively on 3G and so far has lost heavily on that investment. Now as technology marches on, the firm has to decide whether to re-stake that bet and plough yet more billions into 4G licences ... of a bigger mistake made by the firm. 3G has been for such a long time the biggest problem the company [Hutchison] has faced,' says Julian Bu, an analyst at Jefferies & Co, ...

  9. A step too far when it comes to generating shareholder value

    Posted Aug 05th 2011, 12:00am

    ... Tom Holland Six months after finally staunching the flow of red ink from their 3G telecommunications investments, Li Ka-shing and his lieutenants at Hutchison Whampoa are in expansive ... side, Hutch managing director Canning Fok Kin-ning says the company's 3G interests will begin generating free cash flow for the group this year, leaving Hutch well placed to clinch ...

  10. Hutchison switches to buying mode

    Posted Mar 31st 2008, 12:00am by Staff Reporter

    ... mobile network in India, for HK$35.8 billion, but continued 3G losses took a bite from the gain. Hutchison's contribution made up about 123 per cent of the HK$27.68 billion in earnings ... In fact, had it not been for grossing HK$25.1 billion through asset sales in 2005, the group would have reported a loss from its heavy capital expenditure in its then nascent 3G network. That year, ...




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