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:

    Perhaps universal history is the history of the diverse intonation of some metaphors.
    Jorge Luis Borges (1899–1986)

    When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.
    William Howard Taft (1857–1930)

    I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.
    Frances Burney (1752–1840)