Articles tagged with: Hutchison Telecom and Landline

Hutchison Telecom Seeking Loan Following Spin-Off

Hutchison Telecom is reported to be in talks to secure a HK$5.5 billion (US$710 million) loan to be injected into the company when it is spun off from its parent, Hutchison Whampoa. Sources told the South China Morning Post that at least five lenders had shown "strong interest" in joining the loan because of their good relationship with the borrower  more

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Hutchison Telecom Confirms Spin-Off Plans for Hong Kong Holdings

Hong Kong based Hutchison Telecom has reported a 16% rise in full-year revenues to HK$24 billion (US$3.1 billion) and an increase of 16.8% in EBITDA to HK$6.14 billion (US$791 million). Net income dropped precipitously to HK$1.88 billion (US$242 million) from the extraordinary HK66.8 billion a year ago - which was largely due to the one-off gain from the sale of its Indian interests to Vodafone.  more

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