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CK Hutchison lifts telecom revenues 2% in Q1, capex doubles on 5G deployments

Monday 10 May 2021 | 13:25 CET | News
CK Hutchison has issued a first-quarter trading update for its telecom business. The results for the group, including Italy, Ireland, Sweden, Hong Kong, Denmark and corporate operations, show revenues up 2 percent year-on-year to EUR 2.5 billion and the total margin going 3 percent higher to EUR 1.7 billion. Despite a volatile market landscape induced by the virus pandemic, the group also lowered its net debt by 19 percent to EUR 5.9 billion, while raising capex by 114 percent to EUR 0.7 billion for the rollout of 5G.

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Categories: Mobile & Wireless
Companies: CK Hutchison
Countries: World
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Related Info

WindTre revenues and customers down 6% in Q1
14:13 | Italy | News
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3 Hong Kong extends SoSIM sales at 400 Watsons, PARKnSHOP online, offline stores
15 Apr | Hong Kong | News
3 Hong Kong deploys 1,000 base stations in 3.5GHz band
14 Apr | Hong Kong | News
3 Ireland CTO takes on dual technology, operations role at 3 UK
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