Three to be shut down?
There's been talk of Three, the mobile network, being shut down completely and utterly. Not that any Three customers would actually notice because they spend all their time stood on their roof, stretching on tip-toes trying to get even the vaguest semblance of a signal.
Hutchison Whampoa (excellent to say out loud) Managing Director, Canning Fok (again, excellent to say out loud), told Prime Minister David Cameron that if Three could not secure spectrum in the coming 4G auction, then it would shut down.
Anyway, these rumours are, apparently, "groundless", according to a spokesperson from Hutchison Whampoa. “The speculations that HWL may stop investment in the UK and/or quit the UK telecom market are totally untrue and groundless,” they said. “HWL is the largest Asian investor in the UK and is happy with its current investments in the country; and [we are] actively looking at various different investment opportunities in the UK.”
Or, 'we'll see how this 4G business gets on and, depending on the outcome of all that, we may well bugger off and ditch the lousy, slow market in the UK'.