Facebook Soon to Appear in 3G?

Stacey Higginbotham, Thursday, March 27, 2008 at 3:03 PM PT Comments (3)

Facebook users can already access the site on their mobile phones through the Facebook mobile page, but apparently the combination of the social network and 3G networks is what prompted Hong Kong tycoon, Li Ka-shing, to up his stake in the company to more than $100 million from $60 million.

Li talked about his Facebook investment on an earnings call for Hong Kong conglomerate Hutchison Whampoa this morning, where he is chairman. MarketWatch reported that Li is willing to invest even more because “we could have some synergy between the 3G services of Hutchison and Facebook, so the customers could use Facebook on mobile phones.”

Hutchison, which provides 3G service in Asia, Europe and the Middle East under the 3 brand, has lost more than $16 billion since 2002 building out 3G networks. In fact Hutchison today reported that its 3G services turned cash-flow positive for the first time in 2007, with 17.6 million subscribers worldwide and total sales of HK$ 59.91 billion ($7.7 billion). However, it still reported a net loss of $2.31 billion on 3G services.

An alliance with Facebook might be a way to pump up the brand a bit more. Actually, this looks remarkably similar to Microsoft’s reason for investing in Facebook. And who wouldn’t put a $15 billion valuation on sex appeal?

3 comments so far

March 27th, 2008
6:30 PM PT
March 28th, 2008
8:17 AM PT
Facebook 3G said:

[...] [via] Tags: 3G, facebook, facebook 3g, Internet, pestaola Σχετικά posts: Nokia + Facebook = L.F.E ?Λάθος στο Facebook αποκαλύπτει κώδικαSlideFlickr + Facebook = L.F.EΦεύγει το “is” από το Facebook status απόψεΣοβαρά προβλήματα στο Facebook σήμερα [...]

March 28th, 2008
9:26 AM PT

[...] combination of the social network and 3G networks is seen by Stacey Higginbotham from GigaOm as the most logical reason why Li Ka-shing was so eager to increase his stake in Facebook. Facebook [...]

Leave a Comment

Get the comments RSS feed, instant notification of new comments

Most Comments

The 5 Stages of a Consumer Web Startup
Stacey Higginbotham, May 9, 31 comments
HP-EDS: It’s About The Clouds, Baby!
Om Malik, May 13, 28 comments
Xobni: Our Path from ‘Wrong Product’ to Killer App
Gabor Cselle, May 11, 21 comments
Off Topic: Now This Is Good Stuff
Om Malik, May 11, 21 comments
Prying Open the Social Graph
Stacey Higginbotham, May 12, 20 comments

Highest Rated

HP-EDS: It’s About The Clouds, Baby!
Om Malik, May 13, 142%
Off Topic: Now This Is Good Stuff
Om Malik, May 11, 71%
Prying Open the Social Graph
Stacey Higginbotham, May 12, 68%
Plazes Builds an iPhone Plazer
Om Malik, May 13, 75%
GSP East ticket discount
Edit Staff, May 9, 64%
Close
E-mail It