09:56 HUTCH TELECOM<02332> - Announcement (3) opportunity for deploying the Group's technology expertise and global procurement strategy for network roll out thereby further enhancing its subscriber base and revenue stream. The Board considers the terms of the BCC and the Investment Licence to be on normal commercial terms, fair and reasonable and in the interests of the Company and the Shareholders as a whole. GENERAL The Group is a global provider of telecommunications services. The Business Cooperation constitutes a discloseable transaction for the Company, which is subject to the reporting, announcement and circular requirements of the Listing Rules. A circular providing further details of the Business Cooperation is expected to be despatched to the Shareholders as soon as reasonably practicable. As at the date of this announcement, the Directors are: Executive Directors: Independent Non-executive Directors: Mr. LUI Pok Man, Dennis Mr. KWAN Kai Cheong Mr. Tim PENNINGTON Mr. John W. STANTON Mr. CHAN Ting Yu Mr. Kevin WESTLEY Non-executive Directors: Mr. FOK Kin-ning, Canning Mrs. CHOW WOO Mo Fong, Susan Mr. Frank John SIXT DEFINITIONS "ADS(s)" American depositary share(s) issued by Citibank N.A., each representing ownership of 15 Shares "Board" the board of Directors "Business Cooperation" the cooperation between Hanoi Telecom and Hutchison Vietnam on the basis and subject to the terms of the Business Cooperation Contract "Business Cooperation the contract dated 12 July 2004 and made between Hanoi Telecom and Contract" or "BCC" Hutchison Vietnam, as amended and supplemented by the parties on 13 October 2004 and 27 January 2005, which became effective upon the issue of the Investment Licence on 4 February 2005 "CDMA2000" the radio interface standard approved as an International Mobile Telecommunications-2000 standard by the International Telecommunications Union "Company" Hutchison Telecommunications International Limited, a company incorporated in the Cayman Islands, whose Shares are listed on the Main Board of the Stock Exchange and ADSs are listed on the New York Stock Exchange "connected person" has the meaning ascribed to that expression in the Listing Rules "Directors" directors of the Company "Group" the Company and its subsidiaries "Hanoi Telecom" Hanoi Telecommunication Joint Stock Company, a joint stock company established under the laws of SRVN and a party independent of the Company and, to the best of the knowledge, information and belief of the Directors, after all reasonable enquiry, of the connected persons of the Company