Snapshots

The UK Competition and Markets Authority (CMA) has given CK Hutchison Group Telecom (CKHGT) permission to sell its UK tower assets to Cellnex for approximately €3.7 billion in cash and shares. Mr Canning Fok, CKHH Group Co-Managing Director says, “This deal unlocks value in our telecom assets to our shareholders, improves our operational efficiency and accelerates our 5G rollout, benefiting consumers across the UK. The UK towers are excellent assets and we now also have a terrific partner in the UK to help us take our network there to the next level.” The totality of the CKHGT-Cellnex agreement covers about €10 billion in tower assets in six countries and the sale of assets in five other countries (Austria, Denmark, Ireland, Italy and Sweden) has been completed. 

Indosat Ooredoo Hutchison, formed in January by the merger between Hutchison 3 Indonesia and PT Indosat Tbk, will become Indonesia’s second largest mobile telecommunications firm with estimated annual revenues of approximately US$3 billion and US$6 billion in assets. This industrial heft will support increased investment in its technological and human infrastructure to provide better service and higher network speeds to customers across Indonesia, the world’s fourth largest nation by population. 

Hutchison Ports has signed an agreement with Saudi Arabia’s King Salman Energy Park (SPARK) to create a joint venture to manage and operate a dry port and a bonded logistics zone. These will sit at the heart of a dynamic energy, manufacturing and logistics zone, serving and energising both investment-driven and organically grown businesses in the surrounding area. 

Watsons is set to win over an army of new fans for seamless Offline plus Online interactive shopping as it launches in Qatar. Watsons will be wowing Qataris from the Doha Festival City in the heart of this vibrant market. It joins five other shops located in Dubai, Abu Dhabi and Saudi Arabia in serving the people of the Gulf Cooperation Council region. 

The Port of Felixstowe has claimed the crown for the biggest 5G deployment at a UK port. Internet of Things sensors have been deployed to empower predictive maintenance for quay cranes. Data are being shared with partners such as Cambridge University, who will use them to drive an algorithm that predicts equipment failure and allows for optimisation of maintenance schedules. This reliable and real-time data transmission will occur over the same network that is handling the manipulation of remote-control quay cranes. 

UK Power Networks’ new Green Recovery programme is funding a range of “shovel-ready” projects to supercharge the UK’s march towards its Carbon Zero future. Over £66 million has been committed to supplying heat pumps for local authorities and communities. Eighty-six applications were approved for projects, including district heating for schools and communities, which will provide more efficient use of energy and reduce carbon footprints. The use of electric vehicles has also been promoted with software upgrades that enable a single substation to support up to 500 charging stations without the need for additional investment in hardware such as heavy cabling or new substations. 

China’s National Reimbursement Drug List aims to make life-saving drugs accessible to citizens in Mainland China and has expanded the number of HUTCHMED medicines on the list. The latest to be included is SULANDA® (surufatinib), following its approval for the treatment of advanced pancreatic neuroendocrine tumours. This latest update of the list also renewed ELUNATE® (fruquintinib), first included in 2020, for the treatment of metastatic colorectal cancer. 

EDL opened Australia’s largest-ever hybrid microgrid power project, which now provides up to 85% of renewable energy in good weather conditions. The microgrid integrates wind, solar and thermal generation along with batteries to supply the Agnew Gold Mine with 99.99% reliable energy with, on average, 50–60% coming from renewable sources. It is the first in Australia to power a mine mostly with wind-generated electricity. But this is just the start; EDL plans to continue the hybrid renewable journey on this landmark project with the goal being to power the mine with 100% renewable energy. 

Northern Gas Networks has launched its East Coast Hydrogen Programme in partnership with Cadent and National Grid with an event at the House of Commons. East Coast Hydrogen aims to connect over 7GW of hydrogen production to supply up to 39,000 commercial and industrial sites along with up to 4.4 million homes. This could mark a huge improvement in the carbon impact incurred through heating homes, powering transport and meeting the needs of industries.  

HK Electric has taken a major step forward in transitioning from coal to cleaner gas for the generation of electricity. The new gas-fired unit, L11, has adopted “combined-cycle gas turbine technology”, one of the most efficient, cleanest and most widely used methods for generating electricity from fossil fuels. It began supplying energy to the grid in November 2021. The installation of another gas-fired unit, L12, has begun and will further boost the company’s gas-fired generation capacity when commissioned.   

Guangzhou Aircraft Maintenance Engineering Company (GAMECO) opened a new aircraft maintenance facility covering an area of over 98,000 square metres, with a roof big enough to accommodate six wide-body and five narrow-body aircraft under its capacious canopy. This increase in capacity will strengthen the Guangzhou airport economic zone as an important national centre for aircraft maintenance, helping China Southern Airlines’ fleet and supporting other customers in the region. 

HUTCHMED is now a constituent stock in the FTSE Russell’s Global Equity Index Series (GEIS), including FTSE All-World, FTSE Global All Cap, FTSE Global Total Cap and FTSE Global Mid Cap Indexes. The GEIS monitors more than 16,000 stocks in over 70 countries representing 98% of global market cap, making it a key indicator of global stock market direction. 

Citroën’s new 100% electric-powered quadricycle is targeted at the environmentally conscious youth market. It now comes with an exclusive “GIGAMI” package developed by Wind Tre. The package includes unlimited minutes and gigabytes in 5G and 200 SMS messages. Green, connected and mobile: it’s the new Italian style for the 21st century!