I'm not entirely sure what to make of this potential news. According to a report posted on Cellular News today, analysts Merryl Lynch are speculating that Hutchison 3G may withdraw entirely from Europe, suggesting that a sale of the company may be imminent.
Whilst Hutchison have not had a good run of it being 3G pioneers, the company's fortunes seem on the rise with recent changes to their services, and the opening up of cross-network access support, and the UK arm's See Me TV has proven particularly popular.
Merrill Lynch believes that H3G has a number of exit options, including the possibility of swapping its various network and customer base assets for small stakes in the main European operators, or a sale entire to Vodafone. This would allow H3G to benefit from its tax credits and avoid crystallising a loss now, arguably near the bottom of the telecom valuation cycle. The company would also benefit from shareholdings in network operators who themselves would benefit from lowered competition.
October 16th, 2006 at 6:02 am
yep, the 3G has no sense at all…
October 24th, 2006 at 4:26 am
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Tholazpery Roberts (xtronicstore@yahoo.co.uk)
March 7th, 2007 at 10:26 am
I thin it has no sense, too. Very interesting article.
March 19th, 2007 at 1:59 pm
Hutchison Whampoa may yet win a licence to establish a 3G mobile network in Poland.
April 7th, 2007 at 7:37 am
3G comes to us soon
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May 19th, 2007 at 11:01 pm
3G is still so expensive
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