Hutchison Whampoa's deep pockets ensure HTIL can go on buying spree

摘要

Hutchison telecom International may count only 11 million mobile and fixed-line subscribers across its portfolio of businesses in eight countries and territories, but its parent, Hutchison Whampoa, has stated its interest in subscribing to up to US$1 billion in preferred shares of HTIL to help fund acquisitions. In a difficult climate, HTIL managed to raise more than HK$8 billion (US$ 1 billion) in dual IPOs in New York and Hong Kong in mid-October, basically to help Hutchison Whampoa pay back its 3G debts.