Hutchison Whampoa Ltd - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Hutchison Whampoa Limited (HWL) is a Hong Kong-based diversified, multinational conglomerate with its origins dating back to the 1800s. It is an international corporation with businesses spanning the globe. The company's operations consist of five core businesses - ports and related services; property and hotels; retail; energy, infrastructure, finance, and investments; and, telecommunications. HWL's telecommunications activities consists of a 49.8% interest in Hutchison Telecommunications International Ltd (HTIL), which is listed on the stock exchanges of Hong Kong and New York, and the 3 Group businesses in Europe and Australia. HTIL holds the group's interests in 2G and 3G mobile operations in Hong Kong, Israel, and Indonesia, 2G mobile operations in India, Macau, and Sri Lanka, CDMA2000-1X operations in Thailand, Vietnam and Ghana, and a Hong Kong fixed-line operation. The 3 Group is one of the world's leading operators of 3G mobile telecommunications technology with controlling interests in 3 branded businesses in seven countries in Europe (Austria, Denmark, Ireland, Israel, Italy, Sweden and the UK) and Australia. HWL also owns Geo, an operator of a fibre-optic backbone network that links all of the UK's major commercial centres. As part of the Li Ka-shing group of companies (owned by HWL's founder and Chairman, Li Ka-shing), HWL's ultimate shareholder is Cheung Kong (Holdings) Limited, which had a 49.97% interest in the company as of September 5, 2006. HWL's ordinary shares are listed on The Stock Exchange of Hong Kong and are traded on the London Stock Exchange. American Depositary Receipts representing ordinary shares are traded on the New York Stock Exchange. In December 2005, HWL reduced its stake in HTIL to 49.8% following the sale of a 19.31% equity interest in the company to Egypt-based Orascom Telecom Holding SAE.
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