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:

    False history gets made all day, any day,
    the truth of the new is never on the news
    False history gets written every day
    ...
    the lesbian archaeologist watches herself
    sifting her own life out from the shards she’s piecing,
    asking the clay all questions but her own.
    Adrienne Rich (b. 1929)

    The custard is setting; meanwhile
    I not only have my own history to worry about
    But am forced to fret over insufficient details related to large
    Unfinished concepts that can never bring themselves to the point
    Of being, with or without my help, if any were forthcoming.
    John Ashbery (b. 1927)

    I think that Richard Nixon will go down in history as a true folk hero, who struck a vital blow to the whole diseased concept of the revered image and gave the American virtue of irreverence and skepticism back to the people.
    William Burroughs (b. 1914)