HONG KONG, March 29 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited (SEHK: 2332; NYSE: HTX; "Hutchison Telecom") today announced the launch of its Indonesian mobile operation PT Hutchison CP Telecom ("HCPT"). HCPT is a partnership of Hutchison Telecom and the Charoen Pokphand Group. The Company commits to providing GSM mobile telephony services under the 3 brand with 3G network services overlaid in Jakarta initially.
In a market where the majority of the population is underserved in terms of GSM mobility, HCPT aims to satisfy the demand through the most innovative and customer-oriented products and services on the market, an extensive distribution network and simple, creative and best-value tariff plans.
At launch, HCPT's network covers most of the Java Island and the company intends to expand its coverage to the Sumatra within 2007 and commence service in Kalimantan and Sulawesi by the end of 2008.
Dennis Lui, Chief Executive Officer of Hutchison Telecom said: "With one of the largest populations in the region and a low wireless penetration rate, Indonesia is an extremely attractive market that fits well with the Group's model of pursuing growth and creating value in dynamic markets."
"The huge growth potential combined with Hutchison Telecom's international expertise and proven track record in driving growth in new markets make us confident that Indonesia will soon become one of our principal growth markets in the years to come," Mr Lui added.
About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading global provider of telecommunication services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong, and operates mobile telecommunication services in Macau, India, Israel, Thailand, Sri Lanka, Ghana, Indonesia and Vietnam. It was the first provider of 3G mobile services in Hong Kong and Israel. Its leading brands include "Hutch", "3" and "Orange".
Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A member of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is committed to providing superior telecommunication services in dynamic markets. For more information about Hutchison Telecom, see www.htil.com.
Cautionary Statements
This press release contains forward-looking statements. Statements that are not historical facts, including statements about the beliefs and expectations of Hutchison Telecommunications International Limited ('the Company'), are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks, uncertainties and assumptions. The Company cautions you that if these risks or uncertainties ever materialise or the assumptions prove incorrect, or if a number of important factors occur or do not occur, the Company's actual results may differ materially from those expressed or implied in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from the Company's forward-looking statements can be found in the Company's filings with the United States Securities and Exchange Commission.
For enquiries, please contact:
Mickey Shiu
Corporate Communications
Hutchison Telecom
Work: +852-2128-3107
Mobile: +852-9092-8233
Email: mickeyshiu@htil.com.hk
