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 Limited (Hong Kong) · tre.dk · 12 vendors

Hi3G Denmark ApS, trading as '3', is a Danish mobile telecommunications operator offering mobile subscriptions, 5G broadband internet, and related services to consumers and businesses. The company launched in 2003 as Denmark's first 3G network operator and now provides 5G coverage to 99% of the Danish population. It is part of the international 3 Group and is known for its 3LikeHome roaming benefit, allowing customers to use their plans in over 100 countries at no extra cost.

Resilience scores

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1 service in catalogue across 1 category; runs on 12 sub-vendors.

Insights

Last updated 2026-10-24 · revision 14

12 direct vendors, 161 subvendors

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Compliance

11 in-scope frameworks identified; showing 3.

NIS2 (source) — No public evidence

As a large telecommunications provider in Denmark, Hi3G Denmark ApS falls under the 'digital infrastructure' sector listed in Annex I of the NIS2 Directive, making it an 'essential entity'.

SOC 2 (source) — No public evidence

A SOC 2 report is an attestation standard from the AICPA that focuses on security, availability, processing integrity, confidentiality, and privacy of a service organization's systems.

EU Net Neutrality Regulation — No public evidence

As an internet service provider in the EU, Hi3G Denmark ApS is required to comply with the EU's net neutrality rules (Regulation (EU) 2015/2120).

Financials

Three-year financials

Financial Resilience Score: 6/10

Hi3G Denmark ApS operates as the Danish arm of the '3' mobile brand, ultimately owned by CK Hutchison Holdings, a very large and well-capitalized Hong Kong-listed conglomerate. This parent backing provides meaningful financial resilience through access to group-level funding, procurement scale, and strategic support. The company has an established position as a Danish mobile network operator with its own spectrum holdings across multiple bands (700/900/1800/2100/2300/3500 MHz) and has completed 5G rollout on core bands. However, the Danish mobile market is notoriously price-competitive with very low ARPU by European standards, which pressures margins. Hi3G Denmark was loss-making for much of its early history following its 2003 launch and only reached operating profitability in the mid-2010s. The company has historically reported negative or modest equity due to accumulated deficits from network build-out, meaning the equity buffer may be thinner than headline revenue suggests and dependent on parent support. Ongoing heavy capex requirements for 5G densification and fibre/backhaul, combined with regulatory risks around spectrum fees and EU roaming rules, create continued financial pressure. Historical revenue has been in the DKK 1.7–2.0 billion range, but without access to recent årsrapporter, current profitability and equity position cannot be confirmed.

Key strengths: Ultimate parent CK Hutchison Holdings provides strong financial backing, Established MNO position in Denmark with own spectrum holdings, 5G network deployed from 2020 onwards, Reached operating profitability in mid-2010s, Historical revenue ~DKK 1.7–2.0 billion annually

Risk factors: Danish mobile market is highly price-competitive with low ARPU, Heavy capex obligations for 5G densification and backhaul, Historical accumulated losses resulting in thin equity buffer, Regulatory risk from spectrum auctions and EU roaming rules, Sector consolidation uncertainty (2015 Telia/Telenor merger blocked), Dependent on parent company support for equity strength

Revenue by product/service

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