Hutchison Asia Telecom Group

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Hutchison Asia Telecom Group
Formerly
Hutchison Telecommunications International
Division (former listed company)
Headquarters Hong Kong
Area served
Indonesia
Sri Lanka
Vietnam
Products Mobile and fixed line telecommunications
Parent CK Hutchison Holdings
Chinese name
Traditional Chinese 和記亞洲電訊集團
Simplified Chinese 和记亚洲电讯集团
Jyutping wo4 gei3 ngaa3 zau1 din6 seon3 zaap6 tyun4
Cantonese Yale wòh gei nga jāu dihn seun jaahp tyùhn
Hanyu Pinyin Héjì yàzhōu diànxùn jítuán
short name
Traditional Chinese 和電亞洲
Jyutping wo4 gei3 ngaa3 zau1 din6 seon3 zaap6 tyun4
Cantonese Yale wòh gei nga jāu dihn seun jaahp tyùhn
Hanyu Pinyin Héjì yàzhōu diànxùn jítuán
Hutchison Telecommunications International Limited
Traditional Chinese 和記電訊國際有限公司
Jyutping wo4 gei3 ngaa3 zau1 din6 seon3 zaap6 tyun4
Cantonese Yale wòh gei nga jāu dihn seun jaahp tyùhn
Hanyu Pinyin Héjì yàzhōu diànxùn jítuán
former short name
Traditional Chinese 和電國際
Jyutping wo4 gei3 ngaa3 zau1 din6 seon3 zaap6 tyun4
Cantonese Yale wòh gei nga jāu dihn seun jaahp tyùhn
Hanyu Pinyin Héjì yàzhōu diànxùn jítuán
Website www.ckh.com.hk/en/businesses/hat.php

Hutchison Asia Telecom Group or HAT, is a division of Hong Kong-based multinational conglomerate CK Hutchison Holdings The division provides telecommunications services to several Asian countries. The division was formerly incorporated as Hutchison Telecommunications International Limited, known as Hutchison Telecom or HTIL in short. It was an offshore company in the Cayman Islands and a listed company in the Stock Exchange of Hong Kong. It operates GSM, 3G and 4G mobile telecommunications services in Indonesia, Sri Lanka and Vietnam under brands 3, Hutch and Vietnamobile.

Hutchison Telecommunications International was formerly a listed company with a primary listing on the Stock Exchange of Hong Kong (former stock code: 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.[1][2] In 2009, Hutchison Telecom also spin off part of their assets as a separate listed company Hutchison Telecommunications Hong Kong Holdings, which including 3 Hong Kong and Hutchison Global Communications.

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.[citation needed]

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).[citation needed]

In December 2007, minority shareholder of Hutchison Telecommunications International (HTIL), Orascom Telecom, sold the 14.2% stake of HTIL, to HTIL's parent company Hutchison Whampoa, for HK$7.5 billion (approx. US$962 million).[3] Orascom also reduced the stake from 19.3% to 16.3%, through a private placement of shares to the market in October 2007.[4]

In 2009, Hutchison sold its controlling stake in Orange Israel to Scailex Corporation. Thus it ended using the Orange brand for providing mobile services.[citation needed]

In 2009, it spun off Hutchison Telecommunications Hong Kong Holdings (stock code: 215) to be listed on the Stock Exchange of Hong Kong.[5]

In 2010, the company was privatized.

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 plc to Mannesmann AG in February 1999,[6][non-primary source needed] Hutchison continued to use Orange brand in Israel.[citation needed] Recently[when?] 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[clarification needed] 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

  1. ^ "Thank you for visiting out site". Hong Kong: Hutchison Telecommunications International. 2010 [circa]. Archived from the original on 5 February 2011.
  2. ^ "Hutchison Telecom step closer to going private". South China Morning Post. Hong Kong. 24 April 2010. Retrieved 6 December 2018.
  3. ^ Lau, Justine; Mitchell, Tom (6 December 2007). Written at Hong Kong. "Orascom Telecom cuts ties with HTIL". Financial Times. London. Retrieved 6 December 2018.
  4. ^ "Orascom slashes stake in Hutchison Telecom". South China Morning Post. Hong Kong. 26 October 2007 [updated 3 July 2018]. Retrieved 6 December 2018.
  5. ^ "Hutchison Telecom shares surge on confirmation of spin-off talks". South China Morning Post. Hong Kong. 3 March 2009. Retrieved 6 December 2018.
  6. ^ "Milestones 1999". Hong Kong: Hutchison Whampoa. n.d. Retrieved 6 December 2018.

External links

  • Official website (in English) (in Chinese)
Retrieved from "https://en.wikipedia.org/w/index.php?title=Hutchison_Asia_Telecom_Group&oldid=872233975"
This content was retrieved from Wikipedia : http://en.wikipedia.org/wiki/Hutchison_Asia_Telecom_Group
This page is based on the copyrighted Wikipedia article "Hutchison Asia Telecom Group"; it is used under the Creative Commons Attribution-ShareAlike 3.0 Unported License (CC-BY-SA). You may redistribute it, verbatim or modified, providing that you comply with the terms of the CC-BY-SA