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Losses almost double for 3, a mobile phone company

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Sunday, April 3, 2005

3, the 3G mobile phone firm owned by Hong Kong based Hutchison Whampoa has reported pre-tax, pre-exceptional losses of HK$37.5bn (US$4.8bn/€3.7bn) for 2004. This compares with losses of HK$19.6bn (US$2.5/€1.94bn) in 2003 when the company was only in operation for seven months.

Despite the losses, Hutchison Whampoa chairman Li Ka-Shing said "3 achieved substantial business momentum in 2004". The firm now has over eight million customers worldwide, with three million of these in the UK.

3 was the first 3G provider in the UK, ahead of incumbent Vodafone by launching in 2003. Vodafone currently has about 200,000 customers for its 3G service in Britain.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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