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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hutchison Telecommunications HK Hld Ltd    0215   KYG4672G1064

HUTCHISON TELECOMMUNICATIONS HK HLD LTD

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End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 02/15
3.16 HKD   -0.32%
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Mobile roaming will not be protected in no-deal Brexit - UK minister

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02/07/2019 | 07:50am EST
FILE PHOTO: Tourists take a selfie on a beach in the coastal city of Larnaca

LONDON (Reuters) - British tourists could see the return of expensive mobile roaming charges when they go on holiday the day after Britain leaves the European Union in the event of a no-deal Brexit, Digital Minister Jeremy Wright said on Thursday.

Roaming charges were completely abolished in the European Union in 2017, saving holiday makers and business travellers millions of pounds a year in total additional charges for using their smartphones outside Britain.

"If we were to say to mobile network operators in this country 'You may not impose roaming charges on your customers who travel to the European Union', that cannot prevent European mobile network operating companies charging UK mobile network operating companies money," he told lawmakers.

"Now that money has to be paid by somebody and if we are saying to the mobile network operators in this country that they may not pass it on to customers who are roaming, they will undoubtedly pass it on to all their other customers instead."

However, Wright said that operators that provided services to 85 percent of British consumers had said they would not bring back roaming charges for travel in the European Union.

The government will legislate to retain limits for using data abroad, currently set at 45 pounds for each monthly billing period, he said.

Operators would also have to inform customers when they reach 80 percent and 100 percent of their data usage allowances, he said, and warn users about the risks of inadvertent roaming, for example on the border between Northern Ireland and Ireland.

There could also be changes affecting roaming for EU visitors to Britain, a committee paper for the European Parliament said in September.

Britain's biggest networks, including EE, O2, Vodafone and Three, all said last year they had no plans to bring back roaming charges.

(Reporting by Paul Sandle; Editing by Andrew MacAskill and Alison Williams)

Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP 0.94% 231.2 Delayed Quote.-2.90%
HUTCHISON TELECOMMUNICATIONS HK HLD LTD -0.32% 3.16 End-of-day quote.8.22%
TELEFONICA 2.53% 7.5 End-of-day quote.2.19%
VODAFONE GROUP 1.12% 141.2 Delayed Quote.-7.65%
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Financials (HKD)
Sales 2018 7 752 M
EBIT 2018 427 M
Net income 2018 389 M
Finance 2018 9 903 M
Yield 2018 1,94%
P/E ratio 2018 39,11
P/E ratio 2019 38,07
EV / Sales 2018 0,69x
EV / Sales 2019 0,86x
Capitalization 15 228 M
Chart HUTCHISON TELECOMMUNICATIONS HK HLD LTD
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Hutchison Telecommunications HK Hld Ltd Technical Analysis Chart | MarketScreener
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Technical analysis trends HUTCHISON TELECOMMUNICATIO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 3,11  HKD
Spread / Average Target -1,6%
EPS Revisions
Managers
NameTitle
Sing Fai Koo Chief Executive Officer & Executive Director
Kin Ning Fok Chairman
Yuen Chun Tan Chief Operating Officer
Wai Sin Cheng Chief Financial Officer
Yiu Man Chung Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
HUTCHISON TELECOMMUNICATIONS HK HLD LTD8.22%1 941
VERIZON COMMUNICATIONS-3.90%223 253
NIPPON TELEGRAPH AND TELEPHONE CORP2.39%81 541
DEUTSCHE TELEKOM-3.78%76 028
SAUDI TELECOM COMPANY SJSC--.--%54 400
TELEFONICA2.19%42 874