November 26, 2014 7:56 AM ET

Wireless Telecommunication Services

Company Overview of Vodafone Hutchison Australia Pty Ltd.

Company Overview

Vodafone Hutchison Australia Pty Ltd., a mobile operator, provides mobile communication services and products to individuals and businesses in Australia. The company offers prepaid mobile, mobile Internet, and mobile broadband services; and voice, video calling, messaging, paging, and telephone answering services, as well as mobile phones. It also sells mobile phones online. The company was formerly known as Hutchison 3G Australia Pty Limited and changed its name to Vodafone Hutchison Australia Pty Ltd. in June 2009. The company was incorporated in 2001 and is based in St Leonards, Australia. Vodafone Hutchison Australia Pty Ltd. operates as a joint venture between Hutchison Telecommunicatio...

207 Pacific Highway

Building A

St Leonards, NSW 2065

Australia

Founded in 2001

Phone:

61 2 9964 4646

Fax:

61 7 3306 4975

Key Executives for Vodafone Hutchison Australia Pty Ltd.

Chief Executive Officer
Head of Broadband
Chief Technology Officer
Age: 60
Director of Marketing
Compensation as of Fiscal Year 2014.

Vodafone Hutchison Australia Pty Ltd. Key Developments

Vodafone Group May Reportedly Sell Vodafone Hutchison Australia

Vodafone Group Public Limited Company (LSE:VOD) is planning to sell Vodafone Hutchison Australia Pty Ltd. Vittorio Colao, Chief Executive Officer of Vodafone Group, said that Vodafone would consider selling its Australian operations along with other non-core assets and has been checking with potential buyers. Colao sad, "We constantly check with possible parties interested in some of our less core assets. We would consider sales but we are not distressed sellers so therefore we must sell at full value. Otherwise we keep them and manage the cash." After the comments emerged, Vodafone Hutchison Australia said in a statement that Colao was referring to the general principle that Vodafone was open to potential changes to its portfolio and it had no specific plans to sell. The joint-venture nature of Vodafone Hutchison Australia also means all major decisions must be accepted and funded by both parties, which in turn makes it less attractive to potential buyers. In the clarifying statement issued on November 20, 2014, Vodafone Group said that Colao did not want to give the impression that the group had any definite plans to sell any of its local assets.

Vodafone Hutchison Australia Reports Earnings Results for the Six Months Ended June 30, 2014

Vodafone Hutchison Australia reported earnings results for the six months ended June 30, 2014. Revenue was AUD 863 million against AUD 872 million last year. EBIT was AUD 6 million against LBIT of AUD 34 million last year. Loss attributable to shareholders was AUD 79 million against AUD 96 million last year.

Vodafone Hutchison Australia Pty Ltd. Reports Earnings Results for the Half Year Ended June 30, 2014

Vodafone Hutchison Australia Pty Ltd. reported earnings results for the half year ended June 30, 2014. For the period, the company reported revenue of AUD 1,725,601,000 against AUD 1,743,815,000 a year ago. Loss before income tax was AUD 229,523,000 against AUD 283,345,000 a year ago. Loss for the period was AUD 229,523,000 against AUD 283,345,000 a year ago. Total comprehensive loss for the period was AUD 230,252,000 against AUD 275,187,000 a year ago.

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