December 25, 2014 8:08 AM ET

Wireless Telecommunication Services

Company Overview of Hi3G Access AB

Company Overview

Hi3G Access AB operates as a mobile video communications company. The company offers mobile multimedia services. The company's services enable mobile users to access financial information, perform banking operations, download music and video clips, and take pictures. The company offers positioning services such as local and regional information, navigational information, maps, sales venues, advertisements, parking information, directory enquiries, on-line enquiries about addresses, and telephone numbers. In transaction and payment services, the company provides equities/shares, mobile commerce, payment for and booking tickets and flights, account details and transactions between accounts, au...

Lindhagensgatan 98

Box 30213

Stockholm,  104 25

Sweden

Founded in 2001

Phone:

46 7 71 73 53 00

Fax:

46 7 63 33 72 00

Key Executives for Hi3G Access AB

Chief Financial Officer
Age: 57
Chief Technology Officer
Chief Marketing Officer
Compensation as of Fiscal Year 2014.

Hi3G Access AB Key Developments

3 Scandinavia Repays its Bank Loan Maturing in July 2015

3 Scandinavia has repaid its bank loan, maturing in July 2015, through a SEK 7.5 billion equity injection, of which SEK 3.0 billion (40%) from Investor and SEK 4.5 billion (60%) from Hutchison Whampoa. 3 Scandinavia retains the SEK 1.8 billion loan, maturing in 2019, provided by the European Investment Bank (EIB) and guaranteed pro-rata by Investor and Hutchison Whampoa. 3 Scandinavia's current borrowing cost exceeds Investor's direct borrowing cost, despite the guarantee. By borrowing directly, Investor can provide funding to 3 Scandinavia at a lower total cost, while Investor's overall leverage is not impacted.

3 Scandinavia Reports Interim Management Statement for the Third Quarter and Nine Months Ended September 30, 2014

3 Scandinavia reported interim management statement for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of SEK 2,541 million compared to SEK 2,228 million reported in the same period last year. EBITDA was SEK 675 million against SEK 568 million reported last year. Net debt totaled SEK 8,557 million on September 30, 2014 against SEK 9,676 million reported a year ago. For the nine months, the company reported sales of SEK 7,492 million compared to SEK 6,889 million reported in the same period last year. EBITDA was SEK 1,989 million against SEK 1,539 million reported last year.

3 Scandinavia Reports Earnings Results for the First Quarter Ended March 31, 2014

3 Scandinavia reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales of SEK 2,598 million against SEK 2,442 million for the same period a year ago. EBITDA was SEK 642 million against SEK 491 million for the same period a year ago. Net debt as on March 31, 2014 was SEK 9,417 million.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 27, 2014
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