Hutchison expects 3 losses to continue

18 May 2004

Hutchison Telecom (Australia) has announced that it expects its 3G division 3 to continue recording operating losses for the next two to three years until the start-up phase is completed. Hutchison reported a loss of AUD409.8 million for 2003, up from a loss of AUD197.3 million the previous year. 3 claimed around 86,000 customers in Australia at the same date.