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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 171.54+0.4%3:59 PM EST
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To: foundation who wrote (30754)1/6/2003 7:49:46 AM
From: foundation  Read Replies (1) of 196577
 
Hutchison Expects UK 3G Launch In First Quarter Monday

January 6, 5:41 am ET

LONDON -(Dow Jones)- The U.K. mobile operator controlled by Hutchison Whampoa Ltd. expects to launch its third-generation, or 3G, service in the first quarter of this year, a spokesman said.

The company had earlier hoped to launch it before the end of 2002 but had declined to give an exact date.

Spokesman Matt Peacock told Dow Jones Newswires Monday that the company wanted "commercial rollout in the first quarter of this year."

However, he added: "There's no precise date set, internally or externally. We are close - but not there yet."

The service will use the brand name "Three" and has been conducting so-called "ambient advertising" over the holiday period, including projecting its brand on prominent buildings in London and paying people to attend nightclubs with its brand tattooed on their heads.

In the U.K., Hutchison owns 65% of Hutchison 3G U.K. Ltd., with NTT DoCoMo Inc. holding 20% and KPN Mobile NV (N.KPM) 15%. The partners paid GBP4.38 billion, or EUR6.9 billion, for their license.

biz.yahoo.com

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