In July 2005, Hutchison Telecom acquired a 60% equity stake in PT Hutchison CP Telecommunications ("Hutchison CP Telecom" or "HCPT"; formerly known as PT Cyber Access Communications) from the Charoen Pokphand Group Indonesia. In 2006, the Company announced that it retained Siemens to design, build and operate state-of-the-art 2G and 3G nationwide wireless networks. HCPT launched its commercial services on 30 March 2007 under the 3 brand. Indonesia is an extremely attractive wireless market with a sizable population and a relatively low mobile penetration rate. The country experienced strong mobile subscriber growth rate in 2006 and we believe there is a great deal of growth remaining. Indonesia is an excellent example of Hutchison Telecom's vision and strategy in achieving growth in emerging markets.