ChinaWirelessNews.com provides wireless news for mobile I.T. professionals in China!         

  • Home
  • About Us
  • Contact Us
  • Join


Hutchison Telecom Says Business Looking Better Over Past Quarter

2008-05-07 by ChinaWirelessNews.com Editor | Print | Email Email

Hutchison Telecommunications announced its unaudited key performance indicators for the quarter ended March 31, 2008 and said consolidated profit attributable to equity holders of the company was HK$310 million for the quarter, compared with a loss of HK$236 million for the same period last year.

Dennis Lui, CEO of Hutchison Telecom said in a press statement, "We are pleased to present a set of healthy operational parameters in the first quarter despite it being a traditionally slower period. Our focus to achieve growth in Indonesia continued to show results while our strategy to win share in growth segments in Hong Kong and Israel is reinforcing our leading positions and so further setting us apart from competition."

In established markets the Group's operations reported sustained healthy growth in its customer base with most of the net additions from the 3G segment. In Hong Kong, the 3G customer base increased to 1,145,000 at the end of the first quarter representing a 6.1% quarterly growth. In Israel our operations also saw a strong growth in its 3G customer base of 19% in the quarter to 753,000.

The Group's emerging market operations in Indonesia and Sri Lanka continued to provide momentum in customer acquisition in the first quarter where the base grew 14.3% to 2.3 million in Indonesia and 13% to 1.3 million in Sri Lanka. Excluding Ghana and Vietnam, the Group's total customer base was over 10 million at the end of the quarter. This represents a 6.2% quarterly growth. The growth in Indonesia and Sri Lanka was mainly fuelled by continued network expansion in both markets.

During the quarter, increased level of promotional activities in Indonesia hindered othe company's average revenue per user improvement, which dropped slightly from IDR15,000 to IDR14,000. Operations in Sri Lanka also experienced attrition in ARPU due to the unfavorable economic situation.

Hong Kong operations' ARPU was affected by seasonal factors particularly fewer business days in the first quarter, which led to a drop in minutes of use. This drove postpaid ARPU down to HK$208.

Find more stories about: 3G, ARPU, Ghana, Hong Kong, Hutchison, India, Indonesia, Israel, Sri Lanka, telecommuications, Vietnam

  • MSN Reporter
  • Tweet


1 Star2 Stars3 Stars4 Stars5 Stars
Loading ... Loading ...




Related News:
  • Hutchison Whampoa To Buy Out Hutchison Telecom
  • Hutchison Acquires Additional Stake In Hutchison Essar
  • Hutchison May Privatize HGCH
  • Hutchison Quarterly Customer Growth Rises On Indian Acquisition
  • Hutchison Telecom Launches 3G Services In Macau






  • Leave A Comment:



    Get Our Email Newsletter

    Email:



    ChinaCSR.com


    Upcoming Tech Events

  • 2012 International Conference on Green Building and Civil Engineering @ Guizhou - 2012/05/19
  • Annual Conference of the Academy of Innovation and Entrepreneurship 2012 @ Macau - 2012/06/08
  • CHINA INFORMATION
    Need business, lifestyle, and travel information for China?
    Stay updated with Channel Emails on a wide array of topics and the latest deals in China!
    Your Email:


    Other China News


    GreenChinaTech:

    ConocoPhillips Reaches Agreement In China Over Bohai Bay Pollution

    Hong Kong's Green Transport Fund Supports 13 New Applications

    American Solar Manufacturers Respond To Chinese Government

    Tech Firms Plan Recycling Venture In China


    ChinaTechNews.com:

    Amazon Chooses Tianjin For New Chinese Logistics Base

    Chinese Government Report Shows Subsidies Boosted Home Electronics Sales

    Chinese Software Company Expects Big Profit Increase

    ZTE Launches First Tablet In America


    ChinaRetailNews.com:

    Amazon.cn Stops Free Delivery Policy

    B&Q Closes Home Building Retail Store In China

    Apple Tries New iPhone Sales Tactic In Hong Kong

    Suning, Midea Sign Binding Development Agreement


    Visit these other China sites: ChinaRetailNews.com | ChinaTechNews.com | TechSecurityChina.com | China Sourcing News

    ©Copyright 2008-2012 ChinaWirelessNews.com   Contact Us | About Us | Terms & Conditions | Corrections and Disclosure | Privacy Policy Get the ChinaWirelessNews.com RSS/XML Feed