Hi3G Denmark ApS Due Diligence

Run due diligence on Hi3G Denmark ApS: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by CK Hutchison Holdings (Hong Kong) · www.hi3g.dk · 5 vendors

Hi3G Denmark ApS is the Danish mobile network operator trading under the brand '3' (Three). The company provides mobile voice, data, and broadband services to consumers and businesses across Denmark. It is part of the global CK Hutchison Holdings group, which operates the Three brand in multiple countries.

Resilience scores

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Last updated 2026-09-13 · revision 3

5 direct vendors, 116 subvendors

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Compliance

10 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

SOC 2 is a voluntary assurance framework relevant for service organizations. Its applicability for Hi3G Denmark would depend on specific customer demands, particularly from large enterprise clients.

Danish Competition Act — No public evidence

The Danish Competition Act applies to all commercial activities in Denmark. As a major player in the Danish telecommunications market, Hi3G Denmark ApS is subject to its provisions against anti-competitive agreements and abuse of a dominant market position.

Evidence: https://www.hjulmandkaptain.dk/english/legal-services/competition-law/, https://en.kfst.dk/media/hfpm2rrj/the-danish-competition-act.pdf, https://en.kfst.dk/competition/legislation, https://legalblogs.wolterskluwer.com/competition-blog/significant-amendments-to-the-danish-competition-act/, https://denmark.dlapiper.com/en/news/new-amendment-competition-act-enters-force, http://och.dk/en/np-in-denmark/industry-agreements.aspx

Danish Act on Radio Frequencies — Evidence found

As a mobile network operator in Denmark, Hi3G Denmark ApS holds licenses for and utilizes specific radio frequencies to provide its services, making this act directly applicable.

Evidence: https://leadiq.com/c/3-danmark/5a1d8ac5240000240064f5d2, https://omdia.tech.informa.com/om144226/denmark-country-regulation-overview--2026, https://denmark.dlapiper.com/en/news/electronic-communication-networks-and-services, https://denmark.dlapiper.com/en/news/new-edition-telecommunication-laws-europe-published-dla-piper-denmark-contributed-danish, https://radner.dk/denmark-telecom-licensing-compliance-guide/

Financials

Three-year financials

Financial Resilience Score: 5/10

Hi3G Denmark ApS operates in one of Europe's most challenging mobile markets, characterized by four-player competition, very low ARPU, and aggressive discount brands. The company has historically operated at low or negative EBIT for much of its life due to heavy network capex and price competition, with equity periodically supported by intragroup funding from Hi3G Access AB and the ultimate parents. On the positive side, the company benefits from strong ultimate parents—CK Hutchison Holdings and Investor AB—which provide access to capital and intragroup financing. It owns spectrum and network infrastructure as a real MNO (not an MVNO), maintains an established brand with two decades of presence in Denmark, and benefits from group-level procurement scale via the wider '3' footprint. Key risks include structurally low margins, high recurring capex for 5G rollout and spectrum, regulatory risk from Danish Energistyrelsen and EU roaming rules, and dependence on parent support for equity and liquidity. The 2015 abandoned merger with Telenor Denmark (blocked by the European Commission) illustrates ongoing structural challenges in market consolidation. Without access to the actual filed årsrapporter, this score reflects a qualitative assessment of a challenger MNO in a tough market with strong parent backing but historically thin standalone financials.

Key strengths: Strong ultimate parents (CK Hutchison Holdings and Investor AB) providing capital access, Owns spectrum and network infrastructure as a real MNO, Established '3' brand with two decades of Danish market presence, Group-level procurement scale via wider '3' European footprint, Intragroup financing support from Hi3G Access AB

Risk factors: Structurally challenging Danish mobile market with four-player competition, Very low ARPU and aggressive discount brand competition (Oister, CBB, Greentel, Lebara), High and recurring capex requirement for 5G rollout and spectrum, Regulatory risk from Danish Energistyrelsen and EU roaming rules, Historically thin or negative operating margins, Dependence on parent for equity/liquidity support, FX and financing exposure through intragroup loans

Revenue by geography

Revenue by product/service

Workforce by country

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