Post by Alex Chen on Aug 6, 2003 0:18:46 GMT -5
Hutchison posts $130m loss
rahulchand writes " FULL STORY
Hutchison posts $130m loss
August 5, 2003
HUTCHISON Telecommunications (Australia) Ltd today posted a $129.36 million net loss for the first half of the year, compared to a $72.7 million net loss in the previous corresponding period.
"Video calling and enhanced video based content services, supported by a broader choice of handsets, are likely to increasingly appeal to a wider range of potential customers."
Hutchison's revenue from ordinary activities rose to $134.8 million in the six months to June 30, 2003, from $114.25 million in the previous corresponding period.
Hutchison Chief Executive Kevin Russell said the recent launch of ``3'' services for video calling, information and entertainment services had been a success in terms of service delivery and customer acquisition.
"And Orange mobile continues to deliver steady post-paid customer growth in a tight 2G market,'' he said. He said as of yesterday, Hutchison had 43,650 subscribers to 3.
The service was launched in Sydney and Melbourne in mid April, and in other markets - Brisbane, Adelaide and Perth - on July 1.
"We are on track to pass 50,000 customers within the next two weeks, and are focussing on strengthening our service and product offering and expanding our distribution reach in the run-up to Christmas,'' Mr Russell said.
Hutchison has invested around $3 billion in building a 3G network in Australia. "
rahulchand writes " FULL STORY
Hutchison posts $130m loss
August 5, 2003
HUTCHISON Telecommunications (Australia) Ltd today posted a $129.36 million net loss for the first half of the year, compared to a $72.7 million net loss in the previous corresponding period.
"Video calling and enhanced video based content services, supported by a broader choice of handsets, are likely to increasingly appeal to a wider range of potential customers."
Hutchison's revenue from ordinary activities rose to $134.8 million in the six months to June 30, 2003, from $114.25 million in the previous corresponding period.
Hutchison Chief Executive Kevin Russell said the recent launch of ``3'' services for video calling, information and entertainment services had been a success in terms of service delivery and customer acquisition.
"And Orange mobile continues to deliver steady post-paid customer growth in a tight 2G market,'' he said. He said as of yesterday, Hutchison had 43,650 subscribers to 3.
The service was launched in Sydney and Melbourne in mid April, and in other markets - Brisbane, Adelaide and Perth - on July 1.
"We are on track to pass 50,000 customers within the next two weeks, and are focussing on strengthening our service and product offering and expanding our distribution reach in the run-up to Christmas,'' Mr Russell said.
Hutchison has invested around $3 billion in building a 3G network in Australia. "
