Topics Mobile Tech News Tuesday, December 12

Headlines

Contact us


Site search:
complete archives list




Site Sponsors:


Don't forget AT&T and Verizon promo codes at Sidepon.com to save money.


NTT DoCoMo to sell its stake in Hutchison 3G UK
Posted: 28-May-2004 [Source: NTT DoCoMo]

[DoCoMo sells its 20% share in Hutchison 3G UK to HWL for 120 million pounds.]

Tokyo -- NTT DoCoMo, Inc. announced that DoCoMo agreed to sell its entire 20% shareholding in Hutchison 3G UK Holdings Limited ("H3G UK") to Hutchison Whampoa Limited ("HWL") for a total consideration of 120 million in a Sale and Purchase Agreement signed between DoCoMo and HWL.

Under the terms of the Sale and Purchase Agreement, DoCoMo will receive payment in three installments either in cash, or subject to the listing of Hutchison Telecommunications International Limited ("HTIL"), a subsidiary company of HWL that has applied for a listing on the Stock Exchange of Hong Kong, in shares of HTIL. The third and final installment will be made in December 2006. DoCoMo's right to receive 120 million as of the time of completion of the transaction in February 2007 is secured by the Sale and Purchase Agreement.

As part of the agreement, the 200 million shareholder loan provided by DoCoMo to H3G UK in May 2003 was transferred for value to Hutchison Europe Telecommunications, a HWL subsidiary company today. DoCoMo has no further financial commitments to H3G UK.

Notes: DoCoMo has been informed that no decision has been made as to the listing of HTIL and that HTIL's application for listing on The Stock Exchange of Hong Kong Limited and a public offering of HTIL's shares in Hong Kong are subject to the approval of The Stock Exchange of Hong Kong Limited and the boards of directors of HWL and HTIL.

More...

Back to Headlines...

Apple Watch Apple Watch

iPhone 6 and iPhone 6 Plus iPhone 6 and iPhone 6 Plus

Amazon Fire Amazon Fire

Samsung Z - Tizen Samsung Z - Tizen

LG G3 LG G3

HTC One mini 2 HTC One mini 2

OnePlus One OnePlus One

HTC One (M8) HTC One (M8)

Samsung Gear 2 Tizen Watch Samsung Gear 2 Tizen Watch

HP VoiceTab HP VoiceTab

T200 octa-core T200 octa-core

Nokia 2520 Tablet Nokia 2520 Tablet

Samsung Galaxy Round Samsung Galaxy Round

BlackBerry Z30 BlackBerry Z30

iPhone 5S and iPhone 5C iPhone 5S and iPhone 5C

Samsung Galaxy Mega Samsung Galaxy Mega

Sony SmartWatch 2 Sony SmartWatch 2

iOS 7 iOS 7

Jolla Jolla

BlackBerry Z10 BlackBerry Z10

Galaxy S 4 Galaxy S 4

Galaxy Note 8.0 Galaxy Note 8.0

Ubuntu on Tablets Ubuntu on Tablets

LG Optimus G Pro L-04E LG Optimus G Pro L-04E

Firefox OS Firefox OS

Sony Zperia Z Sony Zperia Z



 

Valid HTML 4.1!

RSS © 1999-2017 Traques LLC
All times recorded in UTC
webmaster@MobileTechNews.com