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Tuesday, April 24, 2007

Hutchison plans 1 billion USD investment in Indonesia

Xinhua / People Daily Online - 2007-04-24 09:46:54

Jakarta, April 23, 2007 (Xinhua) - Hong Kong-based telecommunication firm Hutchison plans a total investment of 1.1 billion U.S. dollars to expand cellular phone service network in Indonesia, where the company made debut on March 31, local press said Monday.

Hutchison Telecommunication International operates in Indonesia in a partnership with Thai cattle feed factory Charoen Pokphan and already invested 450 million dollars to run service in 60 towns on Java island and launch the "3" cellular service brand, reported leading economic daily Bisnis Indonesia.

The company will add a new investment of 650 million to build base transceiver stations and expand coverage area in the country's most crowded island.

Hutchison president Rajiv Sawhney, when visiting the Central Java capital of Semarang over the weekend, said the company also aimed at other major islands like Bali, Sumatra, Batam, Sulawesi and Kalimantan.

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