Feeds

Hutchison buys out Italian 3G partner for €470m

Tidying up ownership

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Hutchison Whampoa is buying out Cirtel, its Italian 3G partner, for €470m. The Hong Kong-owned conglomerate is shelling out €373.2m to repay a loan made by Cirtel to the venture and €40m to mop up the junior partner's 1.6 per cent stake.

Hutchison has spent a large fortune - €22bn - on building its 3G networks. It aims to tap the public markets for cash next year, with IPOs pencilled for its 3G networks in Italy, the UK and India.

Hutch today claimed 6.3m customers for its 3G networks worldwide. It expects another 200,000 sign-ups net by the end of the year. H3G Italia, is its biggest country operation, with 2.6m subscribers, 600,000 of which signed up in the last month. ®

Related stories

Orange readies a 3G Christmas
mmO2 eyes German i-mode service
O2 sues 3UK over ad bubbles
3 UK claims 1.2m subscribers

Business security measures using SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.