Hutchison Telecommunications International Limited
name = Hutchison Telecommunications International Limited
type = Public
location = flagicon|Hong Kong
Canning Fok, Chairman Dennis Lui, CEO
area_served = flagicon|Hong Kong
products = Mobile and
homepage = [http://www.htil.com/ www.htil.com]
intl = yes
Hutchison Telecommunications International Limited (‘Hutchison Telecom’ or ‘the Group’) is a leading global provider of telecommunications services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong and Israel, and operates mobile telecommunications services in Macau, Indonesia, Vietnam, Sri Lanka and Thailand. It was the first provider of 3G mobile services in Hong Kong and Israel and operates brands including “Hutch”, “3” and “Orange”.
Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A subsidiary of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is dedicated to providing superior telecommunications services in dynamic markets. [http://220.127.116.11/listco/hk/htil/interim/2008/intpress.pdf]
1999and 2000, Hutchison Telecom sold its Orange and VoiceStream interests and re-invested the greater part of the proceeds to develop its global third-generation ( 3G) mobile broadband telecommunications business, based on the European UMTS ( W-CDMA) 3G standard.
2007, Hutchison Telecom made headlines by selling its 67% interest in the Indian mobile phone network Hutch Essarto Vodafonefor US$13.1 billion (of which $2 billion was debt).
Hutchison also owns a controlling stake in
Orange Israeloperated by Partner Communications Ltd. [ownership structure Partner Communications http://www.orange.co.il/investor_site/10763.html]
Hutchison Telecom is listed on the stock exchanges of Hong Kong (SEHK) and New York (NYSE). 59.33% [ [http://www.ft.com/cms/s/0/cc5d24c6-a3eb-11dc-a28d-0000779fd2ac.html? 06/12/2007 - Orascom Telecom cuts ties with HTIL] ] is owned by
Hutchison Whampoa. Another significant shareholder is Cheung Kong Holdings, which also has a large stake in Hutchison Whampoa.
Hutchison Telecom's parent company, Hutchison Whampoa, led the development 3G services under the 3 brand. It was first to roll out commercial 3G services based on high speed mobile video telephony, streaming and downloads, as well as music, voice and data services. Hutchison Whampoa Limited currently holds 3G licences in nine markets: Australia, Austria, Denmark, Ireland, Italy, Macau, Norway, Sweden and the UK. In Hong Kong, Indonesia and Israel the 3G licences belong to subsidiaries of Hutchison Telecom.
Hutchison Telecom Sri Lanka
The company's Sri Lankan operation, commonly known as Hutch, is the country's youngest and smallest operator, but is growing fast. The company recently introduced GPRS feature on its network and also an air time sharing system called "me2u" for transferring credit from one Hutch phone to another. Currently, Hutch Sri Lanka offers only prepaid mobile phone connections and the network code is 078. Hutch currently has the lowest prepaid rates in Sri Lanka (call charges are the same as those of Mobitel and Sri Lanka Telecom's Celco.) Hutch is also expanding it's network coverage.
http://www.htil.com Hutchison Telecommunications International Limited
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