Hutchison Asia Telecommunications Limited, formerly Hutchison Telecommunications International Limited, is a multinational telecommunications services company headquartered in Hong Kong and a wholly owned subsidiary of Hutchison Whampoa. It operates GSM mobile telecommunications services in Sri Lanka and Vietnam, and CDMA services in Indonesia under brands including Hutch, 3 and Vietnamobile.
Hutchison Telecom was formerly a listed company with a primary listing on the Hong Kong Stock Exchange (stock code: SEHK: 2332 ) and American Depositary Shares quoted on the New York Stock Exchange. In May 2010, Hutchison Telecom became a fully owned subsidiary of the Hong Kong-based Hutchison Whampoa Group and its shares were delisted.
Video Hutchison Asia Telecom Group
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).
In 2009, Hutchison sold its controlling stake in Orange Israel to Scailex Corporation.Thus it ended using the Orange brand for providing mobile services.
In 2009, it spun off Hutchison Telecommunications Hong Kong Holdings (SEHK: 215 ) to be listed on the Hong Kong Stock Exchange.
Maps Hutchison Asia Telecom Group
Corporate affairs
Hutchison Telecom was formerly listed on the stock exchanges of Hong Kong (SEHK) and New York (NYSE). It is fully owned by Hutchison Whampoa.
Current operations
3 Indonesia
In July 2005, Hutchison Telecom acquired a 60% equity stake in PT Hutchison CP Telecommunications ("Hutchison CP Telecom" or "HCPT"; formerly known as PT Cyber Access Communications) from the Charoen Pokphand Group Indonesia. In 2006, HCPT announced that it retained Siemens to design, build and operate state-of-the-art 2G and 3G nationwide wireless networks. HCPT launched its commercial services on 30 March 2007 under the 3 brand.
Indonesia is an extremely attractive wireless market with a sizable population and a relatively low mobile penetration rate. It is an excellent example of Hutchison Telecom's vision and strategy in achieving growth in emerging markets.
At the end of September 2009, HCPT's customer base grew to approximately 7.3 million.
Hutch Sri Lanka
The company's Sri Lankan operation, commonly known as Hutch, is growing fast. The company recently introduced 3G HSPA+ feature on its network and also an air time sharing system called "me2u" for transferring credit from one Hutch phone to another.Hutch is very famous among youth because providing free minutes to any Hutch numbers and low tariff plans
Vietnamobile
In July 2004, Hutchison Telecommunications (Vietnam) S.à r.l. ("Hutchison Telecom Vietnam"), a wholly owned subsidiary of Hutchison Telecom, entered into a business cooperation contract with Hanoi Telecom Joint Stock Company. In February 2005, Hutchison Telecom was granted an investment licence by the government for the project and in January 2007, launched CDMA service under the brand HT Mobile.
While they offered a superior network, the market uptake was greatly hampered by the lack of affordable CDMA handsets, in particular, those with the Vietnamese language option, coupled with the trend of leading manufacturers to scale back handset development for this market.
On 8 March 2008 they received government approval to convert from CDMA technology to GSM. After the successful conversion, it launched GSM services in April 2009 under the new brand "Vietnamobile". The brand surpassed the one million customer mark within six months of launch, mostly in the prepaid segment.
Vietnamobile offers some of the highest growth potential in the region.
Former operations
Hutchison India
Hutchison Essar Limited started operations under the brand name "Orange" in Mumbai. In other states it was marketed under "Hutch" brand. It was then changed to "Hutch" nationwide when they expanded rapidly to become the third largest mobile service provider in India and furthered its market share through the acquisition of BPL, Fascel, Command & Aircel Digilink. On March 31, 2007 Hutch Essar sold its 67.1% stake to Vodafone.
Hutchison Orange Israel
Even after selling the Orange Brand to Mannesmann AG in February 1999, Hutchison continued its use in Israel. Recently they have sold the controlling stake in this venture to Scailex Corporation. Thus it ends the story of Orange brand associated with Hutchison Telecom. Though Scailex Corp are still using this brand for their Operations.
Hutch Thailand
In 2000, Hutchison Telecom and CAT Telecom Public Company Limited ("CAT Telecom") entered into a joint venture by establishing Hutchison CAT Wireless MultiMedia Ltd. ("Hutchison CAT") to provide exclusive marketing services for CAT Telecom's CDMA mobile telecommunications in 25 provinces located in the Bangkok Metropolitan Area and in central, east coast and west coast regions of Thailand.
In 2003, Hutchison CAT launched marketing services for CAT Telecom's CDMA mobile services under the brand Hutch, providing high speed voice and data wireless service to customers.
In 2013 Hutch Thailand has ended its CDMA services.
References
External links
- Official website
Source of article : Wikipedia
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