Everything about Hutchison Telecommunications International Limited totally explained
Hutchison Telecommunications International Limited provides
mobile and
landline telecommunication products in Hong Kong, and operates mobile telecommunications products in Australia, Ghana, Macau, Indonesia, Israel, Sri Lanka, Thailand, and Vietnam. It also had its "Hutch" product in India which was widely popular but the company was acquired by the British Telecomm major "Vodafone" in 2007. The company is known under the Hutchison Telecom brand.
History
Hutchison Telecom launched the
Orange brand in the
United Kingdom in
1994 and listed the Company on the
London Stock Exchange and
NASDAQ in New York in
1996. Similarly, in
1997, Hutchison Telecom started an investment in VoiceStream (now
T-Mobile USA), a United States
GSM operator.
In
1999 and
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.
In early
2007, Hutchison Telecom made headlines by selling its 67% interest in the Indian mobile phone network
Hutch Essar to
Vodafone for
US$13.1 billion (of which $2 billion was debt).
Company structure
Hutchison Telecom is listed on the stock exchanges of Hong Kong (
SEHK) and New York (
NYSE). 59.33% is owned by
Hutchison Whampoa. Another significant shareholder is
Cheung Kong Holdings, which also has a large stake in Hutchison Whampoa.
3
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 licenses belong to subsidiaries of Hutchison Telecom.
Hutch 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.
Further Information
Get more info on 'Hutchison Telecommunications International Limited'.
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