Saturday, May 05, 2007

Hutchison Australia Shareholders Approve A$2.85 Billion Raising

http://www.cellular-news.com/story/23551.php

"Hutchison Australia, which competes with Telstra and Singapore Telecommunications's Optus unit, will use proceeds to pay down debt related to its third-generation mobile phone network to around A$1.1 billion.

The group, which reported a 2006 net loss of A$759.4 million, expects the lower debt position to slash A$250 million a year off its interest bill"

with only "one million" customers that is $2,850 per customer.. they do not even get that much in ARPU

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