Hutchison Telecommunications Hong Kong Holdings (HTHKH) has reported that its consolidated turnover increased by 1% to HKD6.227 billion (USD803 million) in the six months to the end of June 2014, as a result of increased fixed network service revenue and mobile equipment revenue, partially offset by decreased mobile service revenue. Consolidated EBITDA decreased by 20% to HKD1.181 billion mainly due to softened mobile business performance, while net profit attributable to shareholders decreased by 44% to HKD323 million. Mobile business turnover for the first six months of 2014 was HKD4.438 billion compared with HKD4.452 billion in 1H13. Mobile service revenue was HKD2.348 billion, a year-on-year decrease of 11% due to an increased proportion of lower-tier service plans subscription and a decrease in demand for mobile voice services. Mobile hardware revenue was HKD2.090 billion, an increase of 15% on the same period in 2013. As at 30 June 2014 Hutchison (3) served 3.6 million mobile customers in Hong Kong and Macau (31 December 2013: 3.8 million), with the decrease in customer numbers attributed mainly to a higher churn of lower-tier customers.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors