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Secure Transactions News

Merrill Lynch anticipates a divestment from Hutchison 3G European activities

Thursday 26 October 2006

According to an analyst note from Merrill Lynch, Hutchison is considering selling its 3G Europe activities. The sale could occur on a country per country basis in which Hutchison would sell its networks and customer bases for minority stakes in existing operators or in the form of a global sale to Verifone. In Europe, Hutchison Whampoa group is a 3G operator in Austria, Denmark, Ireland, Italy, Sweden and the United Kingdom.