www.WirelessFederation.com/news: With an annual growth of approximately 98% on a like-for-like basis, 6.3 million customers has been added by Hong Kong based Hutchison Telecom, taking its customer base to approximately 12.8 million. The relaunch of the operators business in Vietnam and ongoing expansion of the network coverage in Indonesia paved the way for this massive expansion in the subscribers’ numbers.

Larger Indonesia operation and the revenue generated by the newly launched GSM services in Vietnam led to the rise in the revenue by 2.7% year-on-year to US$239 million. With the disposal of the Group’s entire indirect stake in Israel’s Partner Communications, ¬the net profit for the year increased from US$239 million to US$817 million.

According to Dennis Lui, Chief Executive Officer of Hutchison Telecom, 2009 saw the Group unlock significant shareholder value again and the company has created, maximized and delivered value for its shareholders over the five years since listing – an achievement that has been based on pursuing carefully chosen opportunities with a measured approach. Mr. Lui also revealed that Hutchison will continue to work on building out its principal growth markets to a fully competitive state.

Hutchison Whampoa, a majority shareholder in the company is currently in the process of being taken off the stock market.