Hutchison Telecom completes sale of controlling stake in Partner Communications

HONG KONG, Oct. 28 HTX-Sells-Stake
HONG KONG, Oct. 28 /PRNewswire-Asia-FirstCall/ -- Hutchison Telecommunications International Limited ("Hutchison Telecom", the "Company", SEHK: 2332, NYSE: HTX) announced that its subsidiary, Advent Investments Pte Ltd, had completed the sale of its controlling stake in Partner Communications Company Ltd. to Scailex Corporation Ltd. today on 28 October 2009. The sale proceeds will be retained for general corporate purposes pending the completion of a review of the Company's capital requirements by the Board.

    For enquiries, please contact:

    Ada Yeung
     Corporate Communications
     Hutchison Telecom
     Work:   +852-2128-3106
     Mobile: +852-6347-0619
     Email:  adayeung@htil.com.hk

    Nicky Lee
     Investor Relations
     Hutchison Telecom
     Work:  +852-2128-3163
     Email: nickylee@htil.com.hk

About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading provider of telecommunications services. The Group currently offers mobile telecommunications services in Indonesia, Vietnam, Sri Lanka and Thailand, operating brands "Hutch", "3" and "Vietnamobile".
Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A member of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is committed to providing superior telecommunications services in dynamic markets. For more information about Hutchison Telecom, see http://www.htil.com .
Cautionary Statements
This press release contains forward-looking statements. Statements that are not historical facts, including statements about the beliefs and expectations of Hutchison Telecommunications International Limited ('the Company'), are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks, uncertainties and assumptions. The Company cautions you that if these risks or uncertainties ever materialise or the assumptions prove incorrect, or if a number of important factors occur or do not occur, the Company's actual results may differ materially from those expressed or implied in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from the Company's forward-looking statements can be found in the Company's filings with the United States Securities and Exchange Commission.
SOURCE Hutchison Telecommunications International Limited