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November 26, 2015 11:38 AM ET

Wireless Telecommunication Services

Company Overview of Hi3G Access AB

Company Overview

Hi3G Access AB offers mobile video communications and multimedia services. The company's services enable mobile users to access financial information, perform banking operations, download music and video clips, and take pictures. It offers positioning services such as local and regional information, navigational information, maps, sales venues, advertisements, parking information, directory enquiries, on-line enquiries about addresses, and telephone numbers. The company also provides equities/shares, mobile commerce, payment for and booking tickets and flights, account details and transactions between accounts, authentication, and identification. Its support services include education, healt...

Lindhagensgatan 98

Box 30213

Stockholm,  104 25


Founded in 2001


46 7 71 73 53 00


46 7 63 33 72 00

Key Executives for Hi3G Access AB

Chief Technology Officer
Chief Marketing Officer
Compensation as of Fiscal Year 2015.

Hi3G Access AB Key Developments

3 Scandinavia Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

3 Scandinavia announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, sales were SEK 2,575 million, EBITDA was SEK 752 million against sales of SEK 2,677 million, EBITDA of SEK 675 million for the same period a year ago. For the nine months, sales were SEK 7,883 million, EBITDA was SEK 2,162 million against sales of SEK 7,393 million, EBITDA of SEK 1,971 million for the same period a year ago. Net debt as on September 30, 2015 was SEK 1,525 million.

3 Scandinavia Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

3 Scandinavia announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, sales were SEK 2,645 million, EBITDA was SEK 714 million against sales of SEK 2,392 million, EBITDA of SEK 678 million for the same period a year ago. For the six months, sales were SEK 5,308 million, EBITDA was SEK 1,410 million against sales of SEK 4,716 million, EBITDA of SEK 1,296 million for the same period a year ago. Net debt was SEK 1,413 million against SEK 1,118 million as at December 31, 2014.

3 Scandinavia Repays its Bank Loan Maturing in July 2015

3 Scandinavia has repaid its bank loan, maturing in July 2015, through a SEK 7.5 billion equity injection, of which SEK 3.0 billion (40%) from Investor and SEK 4.5 billion (60%) from Hutchison Whampoa. 3 Scandinavia retains the SEK 1.8 billion loan, maturing in 2019, provided by the European Investment Bank (EIB) and guaranteed pro-rata by Investor and Hutchison Whampoa. 3 Scandinavia's current borrowing cost exceeds Investor's direct borrowing cost, despite the guarantee. By borrowing directly, Investor can provide funding to 3 Scandinavia at a lower total cost, while Investor's overall leverage is not impacted.

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