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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, March 26, 2009

3 Group Targets Breakeven in 2009

Barring any significant adverse market or regulatory developments, Hutchison Whampoa expects its 3 Group to breakeven at EBIT level in 2009. Last year, 3 Group, hit by regulation, saw its revenue increase 1% to 60.37 billion Hong Kong dollars (7.79 billion US dollars), while its LBIT fell 39% to 10.86 billion Hong Kong dollars, with all operations achieving higher revenues and lower losses, except 3 Italia.

The group’s registered 3G customer base increased 17% during 2008 and currently stands at more than 20.7 million customers, but Hutchison Whampoa defines only 79% of these customers as "active". The customer base includes more than 2.5 million mobile broadband (dongle or laptop) users - a 305% increase from a year ago. source: Hutchison Whampoa statement

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