Saturday, March 05, 2005
HK PRESS: Hutchison Telecom Eyes 3G License In Macau
HONG KONG (Dow Jones)--Hutchison Telecommunications International Ltd. (HTX) is interested in bidding for a third-generation telecom license in Macau, The Standard reports.
The report cites Agnes Nardi, the managing director of HTIL unit Hutchison Telecom Hong Kong, as saying the heavy flow of people between Hong Kong and Macau offers a good way to boost roaming revenue in data and voice traffic.
The Macau government aims to issue at least two 3G licenses this year and wants to see a service launch by the end of next year, the paper said.
HTIL is a telecommunications spinoff of ports-to-telecom conglomerate Hutchison Whampoa Ltd. (0013.HK), controlled by Hong Kong's most prominent tycoon, Li Ka-shing.