How it started
History
In 1999 and 2000, Hutchison Telecom sold its Orange and VoiceStream interests and re-invested the greater part of the proceeds to develop its global third-generation (3G) mobile broadband telecommunications business, based on the European UMTS (W-CDMA) 3G standard.
In early 2007, Hutchison Telecom made headlines by selling its 67% interest in the Indian mobile phone network Hutch Essar to Vodafone for US$13.1 billion (of which $2 billion was debt).
In December 2007, minority shareholder of Hutchison Telecommunications International (HTIL), Orascom Telecom, sold the 14.2% stake of HTIL, to HTIL's parent company Hutchison Whampoa, for HK$7.5 billion (approx. US$962 million). Orascom also reduced the stake from 19.3% to 16.3%, through a private placement of shares to the market in October 2007.
In 2009, Hutchison sold its controlling stake in Orange Israel to Scailex Corporation. Thus it ended using the Orange brand for providing mobile services.
In 2009, it spun off Hutchison Telecommunications Hong Kong Holdings (stock code: 215) to be listed on the Stock Exchange of Hong Kong.
From Wikipedia’s article on Hutchison Asia Telecom Group, shared under CC BY-SA 4.0.2