HTIL’s continuing ops increase subscriber base by 14.8% quarter-on-quarter

10 Nov 2009

Hong Kong-based mobile group Hutchison Telecommunications International (HTIL) saw subscribers at continuing operations increase by 14.8% in the third quarter of 2009 to reach a total of 9.9 million. Indonesian subsidiary Hutchison CP Telecommunications (HCPT) recorded a net addition of 877,000 new customers to reach a total of 7.31 million at end-September, representing a 13.6% quarterly increase and over 100% year-on-year growth. The group’s Vietnam business, Vietnamobile, reported a quarterly growth of 63.3% to reach a customer base of 1.02 million. In Sri Lanka, Hutchison Telecommunications Lanka registered a modest 27,000 quarter-on-quarter improvement and ended the period with a customer base of 563,000. Network rollouts continued during the quarter with over 1,100 base stations added in Vietnam and approximately 300 in Indonesia, taking the numbers of base stations on air to 2,600 and 7,600 respectively, which extended the population coverage in those markets to 70% and 74% respectively. Dennis Lui, CEO of HTIL, said: ‘We are pleased with the solid results achieved in difficult economic conditions in our markets…Supported by continued network rollout… we are encouraged that the Vietnam operation surpassed the one million customer mark within six months of launch.’ The company did not release financial results for the period.

TeleGeography notes that HTIL has shrunk its number of consolidated units to four this year, and has suspended reporting on Thai subsidiary Hutchison CAT Wireless Multimedia whilst it negotiates the sale of its stake to joint venture partner CAT Telecom. In late October HTIL completed the sale of a controlling stake in Israel’s Partner Communications. In May the group spun off and listed its Hong Kong and Macau operations.