Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED

(215)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Britain to release more mobile airwaves in 2020 auction

10/28/2019 | 04:55am EDT
FILE PHOTO: An engineer works on a mobile telephony mast in London

LONDON (Reuters) - Britain is planning to release more mobile airwaves through an auction in spring 2020, aiming to improve mobile services and enable more people and businesses to access next generation 5G networks, regulator Ofcom said on Monday.

Ofcom manages Britain's airwaves, or spectrum, a finite resource that is essential for wireless services including mobile phones.

The regulator said the auction would involve companies bidding for spectrum in two different frequency bands - 80 MHz of spectrum in the 700 MHz band and 120 MHz of spectrum in the 3.6-3.8 GHz band.

The latter band forms part of the primary band for 5G.

All four of Britain's biggest mobile companies - EE, Vodafone, O2 and Three - have launched 5G this year, and releasing these airwaves will help increase the capacity and quality of mobile data services, Ofcom said.

On Friday, the four mobile network operators said they had agreed to build a shared rural network, backed by government funds, banishing countryside "not-spots" where consumers are unable to get an adequate signal.

In light of this deal, Ofcom is no longer proposing to include coverage obligations in its auction. This is because, through the companies working together, the agreement will achieve higher coverage than the requirements the regulator could have set through an auction.

Ofcom's auction will involve two stages. In the "principal stage" companies will first bid for airwaves in separate "lots" to determine how much spectrum each company wins.

Then there will be a round of bidding - the "assignment stage" - to determine the specific frequencies that winning bidders will be allocated.

Winners of 3.6-3.8 GHz spectrum will have an opportunity in the second stage to negotiate their placements within the band among themselves, allowing operators to join together the new spectrum they win with their existing holdings.

Ofcom is still proposing to place a 37% cap on the overall spectrum that any one mobile company can hold following the auction.

The regulator has asked for responses to its proposals by Dec. 9. It plans to publish its final decisions early next year, before starting the auction in the spring.

(Reporting by James Davey; Editing by Mark Potter)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
5G NETWORKS LIMITED 1.66% 0.92 End-of-day quote.-35.21%
BT GROUP PLC -0.10% 154.7 Delayed Quote.17.09%
HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED 1.67% 1.22 End-of-day quote.5.17%
LETS HOLDINGS GROUP CO., LTD. 3.40% 6.69 End-of-day quote.-14.01%
LOOK HOLDINGS INCORPORATED -1.96% 1400 End-of-day quote.46.29%
TELEFÓNICA, S.A. 0.13% 4.1405 Delayed Quote.27.43%
VODAFONE GROUP PLC 0.30% 115 Delayed Quote.-5.19%
All news about HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED
08/24HUTCHISON TELECOMMUNICATIONS HONG KO : Ex-dividend day for extraordinary dividen..
FA
08/24HUTCHISON TELECOMMUNICATIONS HONG KO : Ex-dividend day for interim dividend
FA
08/18Hutchison Telecommunications Hong Kong Holdings Limited Declares One-Off Spec..
CI
07/27Hutchison Telecommunications Hong Kong Holdings Limited Announces Special Int..
CI
07/27Hutchison Telecommunications Hong Kong Holdings Limited Announces Interim Div..
CI
07/27HUTCHISON TELECOMMUNICATIONS HONG KO : Unaudited results for the six months ende..
PU
05/13HUTCHISON TELECOMMUNICATIONS HONG KO : Ex-dividend day for final dividend
FA
05/10HUTCHISON TELECOMMUNICATIONS HONG KO : Annual general meeting held on 10 may 202..
PU
03/30NOTIFICATION LETTER AND REQUEST FORM : (1) annual general meeting ("agm"); and (..
PU
03/30NOTIFICATION LETTER AND REQUEST FORM : (1) annual general meeting ("agm"); and (..
PU
More news
Analyst Recommendations on HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED
More recommendations
Financials
Sales 2021 5 110 M 657 M 657 M
Net income 2021 226 M 29,1 M 29,1 M
Net cash 2021 4 012 M 515 M 515 M
P/E ratio 2021 27,9x
Yield 2021 22,3%
Capitalization 5 879 M 755 M 755 M
EV / Sales 2021 0,37x
EV / Sales 2022 0,41x
Nbr of Employees 991
Free-Float 25,3%
Chart HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED
Duration : Period :
Hutchison Telecommunications Hong Kong Holdings Limited Technical Analysis Chart | 215 | KYG4672G1064 | MarketScreener
Technical analysis trends HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 1,22 HKD
Average target price 1,63 HKD
Spread / Average Target 33,6%
EPS Revisions
Managers and Directors
Sing Fai Koo Chief Executive Officer & Executive Director
Wai Sin Cheng Chief Financial Officer
Kin Ning Fok Chairman
Yiu Man Chung Chief Technology Officer
Yuen Chun Tan Chief Operating Officer