Hutchison Whampoa expected to be upgraded if networks permitted to build togethe

German authority permitted six 3G-licence-holding companies to co-build networks and share the network establishments so as to ease the investment cost. S B Warburg said if Italian government agreed the local 3G-licence holders to co-build and share the networks, then H3G, which was held by Hutchison Whampoa (0013), could also benefit from it. S B Warburgs estimated in that case, the net assets per share of Hutchison Whampoa could be upgraded from HK$78.77 to HK$81.55.

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