Hutch unit trims forecasts

8 Aug 2008

Hutchison CAT Wireless Multimedia has halved its customer growth target for the remainder of this year to 10% due to a sluggish economy, high inflation and oil prices, reports the Bangkok Post. Phanop Kasemsarn, vice president for strategic planning, said the CDMA mobile operator had earlier targeted growth of 20% from its current base of approximately 1.2 million users. He also said that Hutch achieved first-half revenue growth of 9% year-on-year. TeleGeography’s GlobalComms database says that the operator’s subscribers grew from 978,000 at the end of 2007 to 1.07 million at the end of March, 37.8% of them post-paid – easily the highest proportion of contract users in the Thai market.

Thailand, Hutch (Thailand)