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:
“The history of the world is the record of the weakness, frailty and death of public opinion.”
—Samuel Butler (1835–1902)
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)