Page 33 - Sphere No.13 (Dec 2004)
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, HWL’s rollouts of 3G
operations under the 3 brand world-
wide have dominated the headlines
while its other valuable telecoms assets
have gone relatively unnoticed.
Yet Hutchison Telecom is a telecoms
powerhouse in its own right. The
company amalgamates its group
of mainly 2G businesses
that collectively make it
a world leader in emerging
telecoms markets.
“The listing will give the
telecoms group outside of
3G some real momentum,”
says Pennington. “It is
a strategic opportu-
nity that will give
us increased focus
and credibility
and take the busi-
ness forward.”
Following a gru-
elling 18-day IPO
roadshow spanning
three continents,
and having success-
fully completed the
IPO,
Hutchison
Telecom is now looking to move to the
next level.
“We aim to expand our footprint
both through buying into existing
businesses and through setting up new
ones,” says Lui, adding that Hutchison
Telecom always seeks to maintain
operational and financial control.
“We will invest in superior networks,
strong branding, innovative products
and excellent customer service,” Lui
continues. “Through increased integra-
tion of our businesses we will
also benefit from economies of scale,
with synergies in the areas of branding,
procurement, product development
and technology transfer.”
Balanced portfolio
The appeal of Hutchison Telecom for
investors is that it provides rare access
to a balanced
portfolio of tele-
coms businesses
with an emphasis
on
Asia
and
emerging markets,
managed
by
a
team of seasoned
telecoms professionals.
“Hutchison Telecom gives
you exposure to fast-growth
markets like India, balanced
with established businesses
such as those in Hong Kong
and
Israel,”
notes
Pennington. “It also offers
direct exposure to the growth potential
of 3G in Hong Kong, and Israel. We
aim to be the No.1 or No.2 business in
the markets we’re in – either through
investment or acquisition.”
Of the developed markets in its port-
folio, Hutchison Telecom is the No.1
mobile operator and the No.2 fixed-
line operator in Hong Kong and the
No.2 operator in Israel – a position
attained in just four years.
In the burgeoning India market,
Hutchison Telecom has a leading
S
PHERE
31
Hutchison Telecom has earned
a reputation for being able to
enter challenging markets and
succeed where others could not
1992
Unveils the first
telepoint (cT2)
service in Hong
Kong under the
brand name
“Tien Dey Seen”
1993
Obtains licence
to build a fixed
telecom network
service in
Hong Kong
1994
Hutchison
enters India in
partnership
with
Max
1995
Hutchison
Global
Communi-
cations Ltd
established
Hutchison
Telecom
launches GSM
services in
Hong Kong
First in the world
to launch CDMA
network
