Feeds

Hutchison hit by 3G costs

But not all bad news...

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Hutchison Whampoa saw profits hit hard by continuing losses from its 3G business late last week.

Turnover for the group grew 23 per cent to HK$179.4bn ($23bn)in the year ended 31 December 2004. Profits attributable to shareholders grew 38 per cent to HK$16bn ($2.05bn). But the group's third generation mobile business saw losses grow 17 per cent to HK$17.8bn($2.3bn).

Hutch's 2G and fixed line businesses were reorganised during 2004 and listed via the acquistion of Vanda Systems. The "3 Group" claims more than eight million customers and gained 1.7m in the first quarter of this year.

Average Revenue Per User across the whole group was €52.43. This breaks down to: £40.30 per month in the UK, €62.18 in Austria and €47.17 in Italy. Revenue from non-voice services ranged from 12 per cent in Austria to 23 per cent in Italy and Hong Kong.

Results release available for download from here. ®

Related stories

3G success hangs on handsets
Hutchison buys out Italian 3G partner for 470m
3 UK claims 1.2m subscribers

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.