Gosh, I believe HTA is in it for the longer term. Their Chairman, Canning Fok said "the company is aiming to sign up 4 million customers, equivalent to a 25 percent market share, in areas its networks covered of about 12 million people". Have a look at:
Currently, HTA has approximately 1.723 million customers. Now with a reported average revenue per user (ARPU) of $68.61 per month as at 31 December 2007, that equates to a very fat bottom line - if the 4 million target is reach.
HTA is an important but relatively small part of Hutchison's world wide 3G operations. However, being the only publicly listed pure 3G play, HTA share price will be an important guide to the world wide valuation of Hutchison's 3G business. So in that respect, I believe it is in the parent company's interest to guarantee the success of HTA at whatever cost and have HTA stay put as it is.
I hold lots of HTA.
HTA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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