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HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED

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UK mobile networks Vodafone, O2 and Three tackle rural coverage

01/27/2021 | 03:17am EDT
Branding hangs outside a Vodafone shop in Oxford

LONDON (Reuters) - British mobile networks Vodafone, O2 and Three are teaming up to build and share 222 mobile masts to boost 4G coverage in rural areas where there is only a patchy signal.

The first stage of the shared rural network will increase coverage in each of the UK nations, with 124 new sites in Scotland, 33 in Wales, 11 in Northern Ireland and 54 in England, the companies said on Wednesday.

Construction will start this year and is scheduled to be completed by 2024, they said.

The mobile industry and the government agreed last year to create a shared rural network, at a cost of 1 billion pounds provided by operators and public funds to improve rural coverage.

In this first stage, the operators will target areas reached by only one network currently.

A second stage to tackle areas where they is currently no signal at all will be funded by the government.

(Reporting by Paul Sandle, editing by Andy Bruce)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LIMITED 1.99% 1.54 End-of-day quote.32.76%
TELEFÓNICA DEUTSCHLAND HOLDING AG 0.83% 2.296 Delayed Quote.0.98%
TELEFÓNICA, S.A. 2.37% 4.024 Delayed Quote.21.16%
VODAFONE GROUP PLC 0.41% 117.2838 Delayed Quote.-3.42%
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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 516 M 516 M
P/E ratio 2021 35,2x
Yield 2021 12,7%
Capitalization 7 421 M 955 M 954 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,69x
Nbr of Employees 991
Free-Float 25,3%
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Last Close Price 1,54 HKD
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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