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:
“It is the true office of history to represent the events themselves, together with the counsels, and to leave the observations and conclusions thereupon to the liberty and faculty of every mans judgement.”
—Francis Bacon (15611626)
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“I believe that in the history of art and of thought there has always been at every living moment of culture a will to renewal. This is not the prerogative of the last decade only. All history is nothing but a succession of crisesMof rupture, repudiation and resistance.... When there is no crisis, there is stagnation, petrification and death. All thought, all art is aggressive.”
—Eugène Ionesco (b. 1912)