Hutchinson Whampoa, the Hong Kong-based conglomerate which is a major investor in Grand Bahama, is spending heavily on start-up mobile phone businesses in Europe, Hong Kong and Australia, according to financial news reports. <\/P><\/p>\n
About 60,000 European subscribers will soon receive handsets in a $16.7-billion project involving the latest cellular technology (known as high-speed, third-generation, or 3G), the Financial Times reported Friday. The technology aims to provide a mobile Internet service. <\/P><\/p>\n
But there is still skepticism about the viability and cost of 3G services, which combine mobile telephony with high-speed Internet access, providing new ways to communicate, access information, conduct business, and be entertained. <\/P><\/p>\n
The world’s first commercialised third-generation mobile communication service was launched in 2001 in Japan by NTT DoCoMo. There are no technical obstacles to 3G deployment. The issues are regulatory and economic, with subscriber demand a key factor. <\/P><\/p>\n
3G enables users to transmit voice, data, and even video at high speeds, for services like Internet connection, transmission of large-scale data and video, and software downloading. <\/P><\/p>\n
Hutchinson Whampoa is controlled by Hong Kong tycoon Li Ka-shing, and had profits of $1.8 billion in 2002. It operates 31 container ports around the world, including Freeport, whose deepwater harbour just 65 miles from the east coast of the United States was a major attraction. <\/P><\/p>\n
Hutchinson’s $550-million Freeport complex opened in 1997 and can handle the largest container ships in the world. <\/P><\/p>\n
Hutchinson’s businesses span 41 countries, with interests in telecommunications, property and hotels, energy infrastructure and retailing and manufacturing. <\/P><\/p>\n
The Nassau Guardian<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
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