Hutchison Whampoa rebrands Austrian unit

|About: Hutchison Whampoa Ltd. ADR (HUWHY)|By:, SA News Editor

Hutchison Whampoa ((HUWHY.PK), (HUWHF.PK)) unveils the rebranding of its Austrian unit, which acquired Orange Austria for $1.8B in Jan. The Orange brand will disappear and be folded into Whampoa's 3 Austria name.

Orange's SIM-only plan (€7.50/month) will continue to be offered under the new brand.

The merged unit is targeting a market share in Austria of 30%, from 24% now. It is offering a sign-up bonus of €100 to new customers in an effort to get there.