The Register® — Biting the hand that feeds IT

3 counting on outsourcing IT

Siemens in frame?

Increase your knowledge of the latest threats to your busines

Three UK - the 3G mobile outfit owned by Hutchison Whampoa - is looking to outsource its IT development work to Siemens, sources claim.

At this stage it's not known how far negotiations have progressed. Staff have yet to be told of the changes although insiders say that an official announcement is due shortly and could be made before the end of the month.

Details of the outsourcing remain sketchy, but it's understood that part of the reason for the move is to cut costs at the mobile phone outfit ahead of a bid to float the business.

The UK arm is expected to hit positive EBITDA this year, and parent group Hutchison Whampoa may look to float it before mid-2006.

A spokesman for 3 UK was asked to respond but declined to comment on "rumour and speculation". As did a spokesman for Siemens.®

Increase your knowledge of the latest threats to your busines

Don’t Miss

Win a Samsung C6625!

Reg Lucky Draw Windows Mobile handsets up for grabs

Palm_Pre_001_SMIs your cameraphone an oxymoron?

Pic Review iPhone 3G v iPhone 3GS v Palm Pre

Vulture logo with head phonesWindows 7, Bing and security: Mr Ballmer regrets

Steve hopes Microsoft money can buy your love

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes