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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.

Wednesday, March 4, 2009

Hot Growth for Hutchison

Hutchison Telecom, with operations in Hong Kong, Israel, Macau, Indonesia, Vietnam, Sri Lanka and Thailand, expects its businesses to "continue to perform well" in 2009, after posting revenue growth of 16% in 2008. During 2008, Hutchison's Hong Kong and Macau mobile units together achieved a 24% increase in 3G customers to 1.34 million, while non-voice revenues grew 34%.

In 2009, the group is planning capital expenditure, excluding Hong Kong and Macau, of approximately 7 billion Hong Kong dollars (900 million US dollars) primarily in Indonesia and Vietnam. source: Hutchison Telecom statement.

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