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CK Hutchison to acquire 100% of Italy's Wind Tre for EUR 2.45 bln

2018-07-03 08:44:00| Telecompaper Headlines

(Telecompaper) CK Hutchison said the deal to take over sole ownership Wind Tre will secure strong recurring earnings for the years ahead. Last year its original 50 percent stake in the Wind Tre business contributed over EUR 1 billion attributable EBITDA and over EUR 800 million attributable EBIT for the group. Veon, meanwhile, said it expected to book a net gain of some EUR 1.1 billion when the all-cash agreement completes and intends to use the proceeds to pay off debt and reduce its leverage ratio.

Tags: eur wind tre acquire

 

Hutchison sells Hong Kong fixed business for HKD 14.5 billion

2017-07-31 09:25:00| Telecompaper Headlines

(Telecompaper) CK Hutchison has agreed to sell its fixed network in Hong Kong in order to focus more on mobile services. The investment group I Squared Capital will buy Hutchison Global Communications (HGC) from Hutchison Telecommunications Hong Kong Holdings (HTHKH) for HKD 14.5 billion (EUR 1.58 billion). The transaction is expected to close by October.

Tags: business hong kong fixed

 
 

Hutchison Telecom HK revenues slump as smartphones unavailable

2016-08-02 02:00:00| Total Telecom industry news

Hong Kong-based telco posts 52% decline in turnover in first half of 2016 as hardware revenue in mobile segment plummets.

Tags: telecom unavailable revenues smartphones

 

CK Hutchison mulls legal challenge as EC thwarts its UK ambitions

2016-05-11 02:00:00| Total Telecom industry news

The European Commission announces decision to block proposed O2/3 UK merger.

Tags: its legal uk challenge

 

EU to block Hutchison, O2 UK deal within weeks - report

2016-04-18 21:40:00| Telecompaper Headlines

(Telecompaper) Hutchison's plan to take over Telefonica's UK mobile phone business is set to be formally blocked by EU regulators within weeks, reports Bloomberg. According to two unnamed sources familiar with the talks, EU anti-trust officials have failed to be won over by Hutchison's offers to sell network capacity to MVNOs, believing this will not create sufficient competition to prevent potential price hikes. Regulators are understood to be holding out for 3 UK/O2 UK to offer to sell part of their network to a new operator. The Sunday Telegraph reported that Hutchison is already preparing to mount a legal challenge to any EU move to block the takeover.

Tags: within report weeks deal

 

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