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Wireless Federation » Hutch retakes majority control of telecoms unit

Hutch retakes majority control of telecoms unit

  • June 15th, 2007
  • 11:53 am

Property-to-telecoms conglomerate Hutchison Whampoa announced this morning that it has raised its ownership of Hutchison Telecommunications Holdings to just over 50%, to better capture growth opportunities in the international telecom firm’s existing markets. Hutchison said in a statement its stake in Hutchison Telecommunications had increased from 49.75% to 50.0036%. The group bought twelve million Hutchison Telecommunications shares, or 0.251% of its issued share capital, between 6-14 June.

   

 


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