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  1. 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, ...

  2. 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 ...

  3. 3G concerns weigh down Hutchison rating

    Posted Aug 13th 2003, 12:00am by Ben Kwok

    ... to 'negative' because it provided core cash flow to the blue-chip conglomerate. Fitch said Hutchison's considerable and increasing investment in 3G telecommunications services had increased its business risk as the demand and return from the technology was uncertain. 'There is uncertainty over the magnitude of operating losses to be incurred in the initial years of the 3G launch ...

  4. 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, ...

  5. Rising costs see sharp fall in Unicom profits

    Posted Apr 27th 2011, 12:00am

    ... costs and higher 3G handset subsidies. Based on the sharp fall in profit for the quarter to March it reported yesterday, Unicom would appear hard-pressed to meet last year's first-half net ... yuan. It included 1.9 billion yuan in 3G handset subsidies, 6.79 billion yuan for sales and marketing, 14.06 billion yuan in depreciation and 6.84 billion yuan in network, operation and support ...

  6. China Mobile investor sells HK$1.15b stake

    Posted Dec 07th 2006, 12:00am by Staff Reporter

    ... a large number of China Mobile shares. The anticipation of the 3G launch has also sent shares of smaller rival China Unicom up 48 per cent this year, while the benchmark Hang Seng Index has gained 28 per cent. Beijing officials have yet to announce the number of 3G licences to be issued, nor when they will be awarded, only saying earlier this week that it will be 'soon'. ...

  7. 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, ...

  8. Property boom helps

    Posted Oct 07th 2005, 12:00am by Staff Reporter

    ... Hong Kong's booming property market helped the listed flagship of tycoon Li Ka-shing, Cheung Kong (Holdings), shrug aside ongoing losses in the group's 3G mobile phone business, ... by the 3G business operated by Hutchison Whampoa, which is 49.97 per cent owned by Cheung Kong. Riding an improving profit margin from property sales, Cheung Kong recorded a profit- excluding ...

  9. Li's Hutchison snaps up mobile unit in Austria

    Posted Feb 04th 2012, 12:00am

    ... network operator Orange Austria in a deal worth Euro1.3 billion (HK$13.3 billion). Hutchison 3G Austria, a subsidiary of the Hong Kong-listed company that Li chairs, will acquire the larger ... 81.53 per cent of Cheung Kong Infrastructure. The combination of Orange Austria and Hutchison 3G Austria will 'create a strong and competitive top-three player in the Austrian market' ...

  10. Asset sales help lift Hutchison profits

    Posted Mar 23rd 2007, 12:00am by Staff Reporter

    ... performed well [last year], but it will keep growing for the next 10 years,' chairman Li Ka-shing said yesterday. Helping growth last year, losses from the group's global 3G business ... Australia and Hong Kong are the best performers among our worldwide 3G business last year,' Mr Li said. Britain is the only market lagging behind the pace of Hutchison's fast-growing 3G ...




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