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Message: <blockquote data-quote="waparc" data-source="post: 11628274" data-attributes="member: 72022">HUTCH 3G (April 2012)Never-say-die Hutch investing $ 65 m for 3G pushHutch Lanka is investing US$ 65 million to upgrade and expand its  services in the coming year says a top official, with plans to become  the latest entrant into the 3G sphere.Hutchison Telecommunications Lanka better known as Hutch launched in  2004 and to date has maintained a consistent but largely unaggressive  presence in the local industry. However, this is about to change,  according to Hutch Chief Operating Officer Anand Prakash, who told Daily  FT that the company was planning to wow consumers with a diverse and  efficient 3G package next year.    To this end the company is investing US$ 65 million to include 3G in  its service portfolio and expand the existing 2G network as well. Given  its subdued presence, the natural question to ask is ‘why now?’    “We are very positive about post-war Sri Lanka. The economy is booming,  there is political stability and there is a great deal of optimism  among the people. We want to tap into that. This is a pro-business  Government and we have a very supportive regulator,” he explained,  commending the Telecommunications Regulatory Commission (TRC) for  supporting the industry.    In order to take advantage of this positive environment, Hutch will  become the last mobile operator to enter the 3G market. Despite  operating in a very competitive market, Prakash is confident that he can  offer a value proposition that people will not be able to resist.    “Even though 3G has already been offered by several operators promising  faster data speed, I do not think that those promises have been  fulfilled. Since my 3G network is new, there is no crowding out and  users will not find their speeds getting less because more people are  using the service. We are also planning to have countrywide coverage so  that even people in the rural areas will have full access. Thirdly, we  are also expanding our 2G network.”    Unique and innovative products that cater to small and large screen  devices have been planned by the company, which include laptop dongles –  a first for Hutch. “We are going to make our customers very happy. We  want to grow business,” insisted an enthusiastic Prakash, pointing out  that larger reach and uninterrupted service would be key attractions for  users.    The company hopes to complete its 3G infrastructure and 2G expansions  by April 2012 and grow to absorb 6%-7% of the 3G customer base. Since  there is only 6% internet penetration in Sri Lanka, Prakash is confident  that there is immense scope for growth and he is determined to achieve  it.Source - DailyFT - 14th December 2011<a href="http://www.ft.lk/2011/12/14/never-say-die-hutch-investing-65-m-for-3g-push/" target="_blank">http://www.ft.lk/2011/12/14/never-say-die-hutch-investing-65-m-for-3g-push/</a></blockquote>

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