Snapshots

Indosat Ooredoo and PT Hutchison 3 Indonesia have agreed to merge their complementary Indonesian businesses with a total transaction value of US$6 billion. The merged company will be the archipelago nation’s second-biggest and world-class telecom and Internet giant with over US$3 billion in revenues. Indosat Ooredoo Hutchison will have the financial and customer scale to invest even more into its network and deliver more value to customers and shareholders in Indonesia.

Canning Fok, Group Co-Managing Director of CK Hutchison, said: “With greater scale, expanded spectrum, and a more efficient cost structure, Indosat Ooredoo Hutchison will be better positioned to extend the rollout of its network and enhance service quality and speed.” Aziz Aluthman Fakhroo, Managing Director of Ooredoo Group, concluded: “This merged company will deliver significant value and benefits for all stakeholders including Indosat Ooredoo and Ooredoo Group shareholders, customers, employees and Indonesia.”

The combined company will be able to leverage the experience and expertise of CK Hutchison and Ooredoo Group in 5G and traditional networks, technologies, products and services to drive accelerated innovation across Indonesia’s digital economy. Both parties expressed gratitude for the sound policy environment that regulators and the Indonesian government have created for the telecom industry. 

The star-studded celebrity event to launch 3 Hong Kong’s Passion beyond Imagination non-fungible token (NFT) art and 3’s rapidly expanding 5G network, were in the spotlight. Hutchison Telecommunications Hong Kong Holdings (HTHKH) has invested over HK$3 billion since 2019 to expand its mobile network and develop 5G. Many 3.5 GHz 5G ‘golden spectrum’ base stations have been deployed – more than any other provider in town – to the delight of customers enjoying super-high speed and ultra-low latency. In Hong Kong, there are more than 400 sales points in Fortress, PARKnSHOP, Watsons and 3 stores, plus online channels. Canning Fok, HTHKH Chairman and Group Co-Managing Director of CK Hutchison, said that by leveraging 3 Group’s global network in 12 markets, advanced technologies and services can easily be introduced to Hong Kong from other markets, making 3 Hong Kong the undisputed king of delivering 5G services in the city. 

HUTCHMED is the new brand for the innovative biopharmaceutical business formerly known as Hutchison China MediTech. The company recently launched a successful listing on the Stock Exchange of Hong Kong (adding to its London AIM and Nasdaq presence), under the venerable stock code 13, which had been held by Hutchison Whampoa. It is now included in over 10 indexes including the Hang Seng Composite Index, the main board listing in Hong Kong, in addition to the Hang Seng Healthcare Index, and the Hang Seng Hong Kong-Listed Biotech Index. Mainland investors also have access to the stock through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programmes. 

5G technology is coming to Sohar Port in Oman. Hutchison Ports Sohar has signed a memorandum of understanding with local telecoms firm Omantel and China’s Huawei to develop a proof of concept (PoC) study. The study will encompass two phases. The first will cover 5G-based video surveillance of port facilities and the use of artificial intelligence. The second phase will explore the use of handheld and push-to-talk devices to improve port operations. The PoC will support the national logistics aims of the ‘Oman Vision 2040’ programme. 

UK Power Networks will commit almost £1 million to upgrading the electricity grid to allow for renewable energy to be connected to the power grid for households in Kent, Sussex and Surrey. Wind and solar farms will be able to feed energy into the power system, reducing reliance on non-renewable sources. The ‘load blinding relays’ are like safety valves that help to monitor electricity. 

3 Denmark has secured a wide swathe of radio bandwidth for the next 20 years after paying top dollar in a recent auction by the national regulator. The 3.5 GHz frequency ‘property’ will mean that 3 Denmark will be able to deliver a superior 5G service to its customers in the Scandinavian nation. It also secured bandwidth in other spectra that will bolster its current 4G and 5G services. Furthermore, its acquisitions in the 26 GHz band will empower its offerings in ultra-fast mmWave technology. 

New Zealand’s EnviroWaste is setting a target of keeping concrete out of landfill by using an innovative process to recycle the vital building material to create various grades of aggregate. A new recovery and processing plant has been unveiled at its Bombay Resource Recovery facility in South Auckland. The company has a long history of innovative recycling including kerbside collection of recyclables, food scraps and glass recycling. The latest plant will help New Zealand to reduce the environmental impact of its current building boom by bringing old concrete into new projects and reducing the need to mine virgin sand and coarse aggregate. 

Orpathys® (savolitinib, for lung cancer) and Sulanda® (surufatinib, for neuroendocrine tumours) have both been approved for use and then launched in Mainland China this year. Both drugs are unique, novel therapies created by HUTCHMED. Orpathys® is the only targeted medicine approved for these biomarker-selected patients in the Mainland. Sulanda®’s two recent approvals make it the first-ever drug launched to counter neuroendocrine tumours regardless of tumour origin, and approvals are also being sought in major jurisdictions such as the US and Europe. 

3 Hong Kong is leveraging the footprint of over 400 A.S. Watson Group (ASW) retail outlets across Hong Kong including Watsons and PARKnSHOP. SoSIM pre-paid SIM cards can be purchased and recharged at the many locations. Buying SoSIM at ASW outlets also earns points on MoneyBack, the multi-retail brand loyalty programme. MoneyBack members can also receive a range of offers. 

Hutchison Ports is expanding to encompass a neighbouring deep-water quay in the Port of Rotterdam. It will acquire the 13 ship-to-shore gantry cranes and facilities currently owned by APM Terminals Rotterdam. This will further strengthen the port operator’s presence in the Port of Rotterdam, where it currently handles the majority of containers in the port through ECT’s Delta and Euromax terminals. 

CKH Innovations Opportunities Development (CKH IOD) is launching a new gaming platform on mobile services provider 3 Austria. It has worked with cloud gaming platform provider Blacknut to open a new world of gaming to subscribers. Up to five family members can access over 500 family-friendly games across a range of linked platforms, from smartphones to home computers. The Blacknut cloud gaming platform will be a core element of CKH IOD’s gaming strategy, enabling seamless multi-screen access and immersive experiences across a rich and dynamic portfolio of games, unlocking the power of our 5G networks for all Blacknut customers.