The companies will form a joint venture in which Hutchison will hold 60% and Investor 40%. The two companies previously partnered to acquire Guoco Land, subsequently renamed imGo, to develop mobile internet businesses in Asia.
In teaming with a deep-pocketed partner like Investor û the company has net assets of $20 billion û Hutchison is following a strategy that served it well when it bid with Telesystem International Wireless of Canada for a 3G license in the UK....
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