3 sees solid H1 results, but VHA weighs on Hutchison numbers
3 Group “achieved another important milestone and reported positive EBITDA less capex for the period”, …
Deutsche Telekom eyes more acquisitions
Deutsche Telekom CEO Rene Obermann has told an investor conference in Barcelona that the operator is looking for further takeover targets to reduce the company’s dependence on its domestic market in Germany.
Orascom Telecom, the biggest mobile phone operator in the Middle East and North Africa, has said it isn’t for sale, following an article in the U.K.’s Sunday Times that reported the company may be sold for US$17 billion.
Hutchison Whampoa today said it expects its 3G operations in Europe and Australia to turn a profit before interest and taxes during the second half of this year and admitted that its business in Italy has received interest from potential buyers.
INQ unveils low-cost Twitter phones
Hutchison Whampoa’s mobile handset subsidiary INQ Mobile today unveiled two new low-cost devices, both of which incorporate Twitter and are aimed at bringing mobile social networking to the mass market. The INQ Chat 3G is the company’s first Qwerty phone and includes free push Gmail.
3 Group reneges on breakeven forecast this year
Hong Kong-based conglomerate Hutchison Whampoa has admitted that a previous forecast for its 3 Group mobile unit to breakeven (in terms of EBIT) this year is unlikely to happen.
