3 Group grows underlying revenues 5% in 2016

(Telecompaper) CK Hutchison reported annual revenues at 3 Group down 1 percent to HKD 62.415 billion, as modest customer growth and the new joint venture in Italy was offset by negative currency effects, lower handset revenues, the roaming regulation and tough competition. Excluding currency effects, revenues rose 5 percent in 2016, helped by two months of the Wind Tre venture in Italy included. The latter helped the active customer base increase 76 percent over the year to 45.9 million. ARPU wa