Feeds

3 won't flee UK

Categorical denial

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Hutchison Whampoa has issued a denial that it is considering pulling out of "3" - its UK third generation phone service. The Business, a UK Sunday newspaper, this week claimed that the company was mulling the closure of 3 UK to focus on faster-growing countries.

Hutch was stung to reply: "In response to unfounded market speculation about a possible exit of Hutchison Whampoa (HWL) from Hutchison 3G UK (H3G UK), HWL states that it categorically denies the rumours and reiterates its commitment to H3G UK, which is showing strong signs of growth."

Canning Fok, Hutchison Whampoa managing director, said the network was performing well and had a good supply of handsets. He said its risk period was over and it was now focused on growing subscriber numbers.

The company still expects to break even in 2005. Hutchison Whampoa claims more than $18.4bn in cash and "marketable securities on hand" should they be needed. ®

Related stories

DoCoMo hunts for UK partner
3 launches diminutive video handset
Punters flock to 3 UK

Internet Security Threat Report 2014

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.