Hutch hints at Indonesian exit, report says

23 Jan 2009

Hutchison Telecom International Limited (HTIL), which operates cellular services in Indonesia through Hutchison CP Telecommunications (Hutchison Telecom Indonesia, or HCPT), its joint venture with CP Group of Indonesia, may exit the market due to what it claims are the ‘complicated regulatory risks’ there, and other negative factors. According to OSK Research which is conducting a review of the country’s wireless market, Hutch believes there ‘is no certainty for foreign players’ and as such, ‘does not want to be part of a possible industry consolidation.’ HTIL operates 2G and 3G services in the country under the brand name 3; it had more than 3.6 million subscribers at the end of September 2008, a market share of 2.8%.

Indonesia, Hutchison 3 Indonesia (Tri)