Despite losses, Hutchinson sticks with 3G strategy

August 22, 2003, 1:52 PM — 3G mobile phone technology keeps on not quite taking off, while major telecom players keep investing in it hoping for eventual return. One player currently in crisis is Hong Kong-based Hutchison Whampoa, which is rolling out 3G networks in Italy and the U.K. - despite the fact that they only have a tenth of subscribers they need to be profitable.

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