Hutchison mobile IPO aims to raise 2 billion
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HONG KONG Hutchison Whampoa has filed with US regulators to raise as much as $2 billion in an initial public offering of its phone business in Hong Kong, India and six other markets.
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Samsung Electronics, the world's second-largest mobile phone maker, expects its handset sales to rise 16 per cent next year to more than 100m units.
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Taiwan's telecommunications industry will need another two years before third-generation mobile services generate substantial revenue, according to Harvey Chang, president and CEO of Taiwan Cellular, the island's second-largest mobile phone operator.
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Hutchison Telecommunications International (HTIL) hopes to raise as much as HK$8.81 billion from a dual listing in Hong Kong and New York, parent Hutchison Whampoa said.
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HONG KONG: Hutchison Telecommunications International Ltd (HTIL) cut the size of its IPO for a second time to bolster interest in its shares, reducing the sale&#39;s value by about 7 percent to between US$890 million and US$1.
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Phone service that's available wherever there's a Net connection is approaching 2 million users.
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Telecom giant Vodafone said it will invest more than two billion dollars in a drive to make its new Indian purchase, Hutchison Essar, the country's biggest mobile phone company.
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RESEARCH TRIANGLE PARK - Sprint will invest more than $2 billion to upgrade its wireless PCS network, and $1 billion of that will go to Nortel.
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Reliance Communications, India's second-largest mobile operator, is seeking to raise as much as $1.5bn by listing its telecom infrastructure unit, in defiance of difficult conditions for fresh offerings after a sharp fall in stock markets.
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HONG KONG (Dow Jones)--The Stock Exchange of Hong Kong Thursday approved Hutchison Whampoa Ltd.&#39;s (0013.HK) application for a US$2 billion initial public offering of its non-third-generation
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The offer values Hutchison Essar, one of Indiaâs fastest-growing telecommunications companies, at about $19 billion.
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US regulators on Friday approved Hutchison Whampoa&#39;s plans to file for an initial public offering of shares in the Hong Kong company&#39;s phone businesses in Hong Kong, India and six other markets.
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Hong Kong-based Hutchison Whampoa is to float off its mobile phone businesses in Asia. The huge conglomerate, which has so far sunk US$22 billion into 3G licence acquisition and network build in Europe, hopes
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HONG KONG China Power International Development has raised 2.5 billion Hong Kong dollars, or $320.6 million, in an initial public offering, bankers said, after pricing its shares at a discount to rivals and selling a stake to Singapore&#39;s state-run
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India's Tata Communications Ltd. said Wednesday it plans to invest $2 billion over the next three years to fuel global expansion.
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Chunghwa Telecom Co -- Taiwan's leading telecom operator -- said it expects its third generation (3G) mobile subscribers to rise to 2.2 million by the end of 2007 from 850,000 last year.
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HONG KONG (Dow Jones)--Hutchison Whampoa Ltd. (0013.HK) Chairman Li Ka-shing said the company&#39;s overall financial outlook for 2005 is good and employees could look forward to a pay rise for next year, the South China Morning Post reports.