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215 - Hutchison Telecommunications Hong Kong Holdings News Story

HK$1.25 -0.0  -1.6%

Last Trade - 07/08/20

Sector
Telecoms
Size
Mid Cap
Market Cap £591.3m
Enterprise Value £101.8m
Revenue £547.9m
Position in Universe 1043rd / 5983

Britain's mobile operators team up to tackle rural 'not spots'

LONDON, Oct 25 (Reuters) - Britain's four mobile network
operators have agreed to build a shared rural network, backed by
funds from government, that will banish "not-spots" in the
countryside where consumers cannot get an adequate signal.
    EE  BT.L , Vodafone  VOD.L , O2  TEF.MC  and Three  0215.HK 
will collectively spend 532 million pounds ($684 million) over
20 years according to the plan published on Friday, potentially
supported by a 500 million pound investment from government.
    The operators would invest in a network of new and existing
phone masts they would all share under the proposal, which the
government hopes will be formalised early next year.
    

($1 = 0.7780 pounds)

 (Reporting by Paul Sandle; editing by Kate Holton)
 ((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters
Messaging: paul.sandle.thomsonreuters.com@reuters.net))
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