Hutchison Telecommunications International Limited - History

History

In 1999 and 2000, Hutchison Telecom sold its Orange and VoiceStream interests and re-invested the greater part of the proceeds to develop its global third-generation (3G) mobile broadband telecommunications business, based on the European UMTS (W-CDMA) 3G standard.

In early 2007, Hutchison Telecom made headlines by selling its 67% interest in the Indian mobile phone network Hutch Essar to Vodafone for US$13.1 billion (of which $2 billion was debt).

In 2009, Hutchison sold its controlling stake in Orange Israel to Scailex Corporation.Thus it ended using the Orange brand for providing mobile services.

In 2009, it spun off Hutchison Telecommunications Hong Kong Holdings (SEHK: 215) to be listed on the Hong Kong Stock Exchange.

Read more about this topic:  Hutchison Telecommunications International Limited

Famous quotes containing the word history:

    A man will not need to study history to find out what is best for his own culture.
    Henry David Thoreau (1817–1862)

    Jesus Christ belonged to the true race of the prophets. He saw with an open eye the mystery of the soul. Drawn by its severe harmony, ravished with its beauty, he lived in it, and had his being there. Alone in all history he estimated the greatness of man.
    Ralph Waldo Emerson (1803–1882)

    History is not what you thought. It is what you can remember. All other history defeats itself.
    In Beverly Hills ... they don’t throw their garbage away. They make it into television shows.
    Idealism is the despot of thought, just as politics is the despot of will.
    Mikhail Bakunin (1814–1876)