Word: 3g
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...heavy data traffic?and lacking evidence that consumers are willing to pay extra for whizzy videophones?those same companies are in a mad scramble to retrench as fast as they advanced. Saddled with debt, frightened by sinking stock prices and wary of technological delays, most carriers have postponed their 3G-investment plans and instead are settling for less costly upgrades of existing networks through technology known...
...While almost every telecom company on the planet has postponed or shelved plans to build data-intensive, high-bandwidth mobile networks, Hutchison Whampoa is charging ahead undeterred. The company just launched pilot 3G (for third-generation) networks in England and Italy, and has aggressive plans to initiate similar services in seven other markets across the globe over the next several years. Even allies have doubts about the strategy. Hutchison's partners in the United Kingdom?Japan's NTT DoCoMo and the Netherlands' KPN Mobile?have written down the values of their portions of the business by 80% and 86%, respectively...
...Does Li know something that no one else knows? Maybe not. But perspective counts. While his rivals are worrying about how investment in new network technology will impact their already-shaky bottom lines, Li is clearly taking a longer view. He can afford to. Due to Hutchison 3G's position as one company within a diversified conglomerate, it has the financial resources and management conviction to take chances when others must scale back. Furthermore, Li's strategy becomes more comprehensible when you see telecom as he does: It's not a life-or-death proposition for his company...
...apex, everyone thought consumers were dying for high-speed networks and mobile phones that could stream video calls, download movie clips and access online game networks. Caught up in the high-tech hype, mobile carriers rushed into the future, spending a now seemingly absurd $89.5 billion on 3G licenses in Europe alone...
...shing: 3G Glasses...