3 Macau to invest MOP300 million in 4G network

Hutchison Telephone Macau, also known as 3 Macau, is planning to invest nearly MOP300 million (US$37.5 million) in developing its 4G network in Macau, calculating that its 4G coverage will reach half of the territory by the end of this year.
Jennifer Tan, Chief Operating Officer of Hutchison Telecommunications Hong Kong Holdings Limited, parent company of 3 Macau in Hong Kong, told Hong Kong reporters on Wednesday that 3 Macau will officially get its 4G licence from the Macau Government next month, while related service will be launched during the fourth quarter of the year.
In March, the government announced the city’s four 4G licences had been granted to Companhia de Telecomunicações de Macau (CTM), China Telecom and SmarTone, in addition to 3 Macau.
Meanwhile, in the same month, 3 Macau’s rival CTM said that it would invest MOP600 million in developing its 4G networks in the Special Administrative Region, claiming its network will cover nearly 100 per cent of the territory by the end of this year.
Last year, Hutchison Telecom saw its turnover soar 28 per cent year-on-year to HK$16.3 million, driven by its mobile business in Hong Kong and Macau surging 35 per cent year-on-year, amounting to HK$12.6 million of the total. In addition, its fixed-line service revenue from the two Special Administrative Regions increased by 6 per cent year-on-year.