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| Type | Public |
|---|---|
| Founded | 1985 |
| Headquarters |  Hong Kong |
| Area served | Hong Kong Indonesia Israel Macau Sri Lanka Thailand Vietnam |
| Key people | Canning Fok, Chairman Dennis Lui, CEO |
| Products | Mobile and fixed line telecommunications |
| Parent | Hutchison Whampoa |
| Website | www.htil.com |
Hutchison Telecommunications International Limited (‘Hutchison Telecom’ or ‘the Group’)(SEHK: 2332) 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. Hutchison Telecom is a subsidiary of the Hong Kong-based Hutchison Whampoa Group.[1]
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History
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).
Hutchison also owns a controlling stake in Orange Israel operated by Partner Communications Ltd. [2]
In 2009, it spun off Hutchison Telecommunications Hong Kong Holdings (HKEX: 215) to be listed on the Hong Kong Stock Exchange.[3][4]
Company structure
Hutchison Telecom is listed on the stock exchanges of Hong Kong (SEHK) and New York (NYSE). 59.33%[5] is owned by Hutchison Whampoa. Another significant shareholder is Cheung Kong Holdings, which also has a large stake in Hutchison Whampoa.
3G
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 India
Hutchison Essar Limited started operations under the brand name "ORANGE INDIA". It was then changed to "Hutch". Hutch expanded rapidly to become the third largest mobile service provider in India and furthered its market share through the aquistion of BPL. On March 31, 2007 Hutch Essar sold its 67.1% stake to Vodafone.
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.
References
- ^ http://202.66.146.82/listco/hk/htil/interim/2008/intpress.pdf
- ^ ownership structure Partner Communications http://www.orange.co.il/investor_site/10763.html
- ^ Hutchison Telecom Confirms Spin-Off Plans for Hong Kong Holdings
- ^ Hutchison Telecommunications Hong Kong Holdings
- ^ 06/12/2007 - Orascom Telecom cuts ties with HTIL
External links
Hutchison Telecommunications International Limited[
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