Document:

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                                                                   EXHIBIT 10.17

                                                                  EXECUTION COPY

                      DATED the 20th day of September 2004

                         MANGERE INTERNATIONAL LIMITED             (1)

                         HUTCHISON TELECOMMUNICATIONS
                         INTERNATIONAL (CAYMAN) HOLDINGS LIMITED   (2)

                            -------------------------

                            LOAN ASSIGNMENT AGREEMENT

                            -------------------------

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THIS LOAN ASSIGNMENT AGREEMENT is made the 20th day of September 2004

BETWEEN

(1)  MANGERE INTERNATIONAL LIMITED, a company incorporated in the British Virgin
     Islands whose registered office is at P. O. Box 71, Craigmuir Chambers,
     Road Town, Tortola, British Virgin Islands (the "Assignor"); and

(2)  HUTCHISON TELECOMMUNICATIONS INTERNATIONAL (CAYMAN) HOLDINGS LIMITED, a
     company incorporated in the Cayman Islands whose registered office is at
     Century Yard, Cricket Square, Hutchins Drive, P.O. Box 2681GT, George Town,
     Grand Cayman, British West Indies (the "Assignee").

WHEREAS:

(A)  Pursuant to a Sale and Purchase Agreement of even date hereof (the "Share
     Sale and Purchase Agreement"), HTI (BVI) Holdings Limited agreed to
     purchase, and Hutchison Telecommunications Limited agreed to sell, 320
     shares of US$1.00 each in Hutchison Global Communications Investment
     Holding Limited, which in turn holds interest in the group companies as set
     out in Schedule 2 thereto.

(B)  Hutchison Global Communications Investment Holding Limited is at 30 June
     2004 indebted to the Assignor in the amount of HK$3,200,000,000(the
     "Loan").

(C)  The Loan is repayable on demand and is interest free.

(D)  Subject to completion of the Share Sale and Purchase Agreement, the
     Assignee agreed to acquire from the Assignor, and the Assignor agreed to
     sell to the Assignee, all the benefit and interest of the Assignor in the
     Loan on the terms and subject to the conditions set out herein.

NOW THIS AGREEMENT WITNESSETH as follows:

1.   In consideration of the sum of HK$3,200,000,000 (receipt of which is hereby
     acknowledged by the Assignor), the Assignor as legal and beneficial owner
     hereby assigns unto the Assignee absolutely all its rights, title and
     interest in the Loan together with all rights attaching thereto (the
     "Assigned Rights") TO HOLD the same unto the Assignee absolutely. The
     Assignee hereby acquires the Assigned Rights absolutely.

                                                                     Page 1 of 4

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2.   The Assignor hereby warrants to the Assignee that:

     (a)  the Loan is repayable on demand and is still valid and subsisting and
          free from all claims, charges, liens, encumbrances, options, equities
          of any kind, compromise, releases, waivers, defects, and any agreement
          for any of the same; and

     (b)  the Assignor has the right, authority and power to assign its benefit
          of and in the Loan in the manner set out in this Agreement.

3.   The parties hereto acknowledge and confirm that as from the date hereof the
     Loan is owed to the Assignee, that the Assignee is entitled at any time and
     from time to time to require repayment of all or part of the same
     (including but without limitation interest accrued from time to time
     thereon) and that all payments due in respect of the Loan and all its
     obligations in respect thereof will be made and discharged directly to the
     Assignee.

4.   The Assignor hereby covenants with the Assignee to pay to the Assignee
     immediately on receipt any payments or other money which may be received by
     the Assignor from Hutchison Global Communications Investment Holding
     Limited in respect of the Loan and until such payment to hold the same on
     trust for the Assignee.

5.   All payments made by the Assignee under Clause 1 of this Agreement shall be
     made gross, free of any rights of counterclaim or set-off and without any
     deductions or withholdings of any nature.

6.   Each party hereto undertakes to the other parties that it will do all such
     things and execute all such documents as may be necessary or desirable to
     carry into effect or to give legal effect to the provisions of this
     Agreement and the transactions hereby contemplated.

7.   Each party undertakes that it shall not reveal, and shall cause its
     shareholders, directors, senior executives, employees and agents not to
     reveal, to any third party any information concerning the transactions
     contemplated hereunder and/or the contents hereof (collectively,
     "Confidential Information") without the prior written approval of the other
     party hereto.

     Nothing in this Clause 7 shall prevent a party hereto from using or
     disclosing any Confidential Information which (a) is already known by such
     party at the time it is disclosed to it; (b) has been rightfully received
     by such party from a third party without a breach of an obligation of
     confidentiality; (c) is in the public domain through no wrongful act of
     such party; (d) is independently developed by such party without use,
     directly or indirectly, of the Confidential Information; (e) is required to
     be disclosed by applicable law, regulation or legal process or by judicial
     order; or (f) is in connection with the proposed spin off and listing of
     Hutchison Telecommunications International Limited.

                                                                     Page 2 of 4

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     Notwithstanding anything contained in this Agreement, each party
     acknowledges and agrees that the other party(ies) may be required by law or
     any competent regulatory body (including but without limitation to The
     Stock Exchange of Hong Kong Limited and the Securities and Futures
     Commission) to issue time sensitive and/or urgent announcements relating to
     this Agreement or matters contemplated under this Agreement. Each party
     shall procure to be provided to the other parties a copy of each drafts of
     such time sensitive and/or urgent announcements promptly, and shall
     consider in good faith any comments provided to it in a timely manner by
     the other parties to the extent reasonably practicable within the time
     frame stipulated by law or by the relevant competent regulatory body.

8.   Any notice required or permitted to be given by or under this Agreement
     shall be given in writing by delivering it to the party concerned to the
     address or facsimile number of that party below or such other address or
     facsimile number as the party concerned may have notified to the others in
     accordance with this Clause 8. Any such notice shall be deemed to be served
     if sent by hand at the time of delivery, or if sent by facsimile, on the
     date of complete transmission, or if sent by post, the third day after
     posting, or if sooner upon acknowledgement of receipt by or on behalf of
     the party to which it is addressed.

          Assignor:
          Address:   22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong
          Attention: Company Secretary
          Fax No.:   (852) 2128 1778

          Assignee:
          Address:   22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong
          Attention: Company Secretary
          Fax No.:   (852) 2128 1778

9.   This Agreement is governed by and shall be construed in accordance with the
     laws of the Hong Kong Special Administrative Region of the People's
     Republic of China ("Hong Kong") for the time being in force and the parties
     hereto hereby irrevocably submit to the non-exclusive jurisdiction of the
     Hong Kong courts in relation to any proceedings arising out of or in
     connection with this Agreement.

                                                                     Page 3 of 4

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IN WITNESS whereof this Loan Assignment Agreement has been duly signed on the
date first above written.

Signed by                                )
Edith Shih                               )
For and on behalf of                     ) /s/ Edith Shih
MANGERE INTERNATIONAL LIMITED            ) ---------------------
was hereunto affixed in the presence of: )

/s/ Patricia Hui
--------------------------

Signed by                                )
Ting Chan                                )
For and on behalf of                     )
HUTCHISON TELECOMMUNICATIONS             ) /s/ Ting Chan
INTERNATIONAL (CAYMAN) HOLDINGS          ) ---------------------
LIMITED                                  )
was hereunto affixed in the presence of: )

/s/ Steven P. Allen
--------------------------

                                                                     Page 4 of 4<PAGE>

                                                                   Exhibit 10.18

                                                                  EXECUTION COPY

                      DATED the 20th day of September 2004

          HUTCHISON INTERNATIONAL LIMITED                          (1)

          HUTCHISON TELECOMMUNICATIONS                             (2)
          INTERNATIONAL (CAYMAN) HOLDINGS LIMITED

          HUTCHISON GLOBAL COMMUNICATIONS                          (3)
          INVESTMENT HOLDING LIMITED

                                   ----------

                               TRANSFER AGREEMENT

                                   ----------

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THIS TRANSFER AGREEMENT is made the 20th day of September 2004

BETWEEN

(1)     Hutchison International Limited, a company incorporated in Hong Kong
        whose registered office is at 22/F Hutchison House, 10 Harcourt Road,
        Hong Kong (the "Transferor");

(2)     Hutchison Telecommunications International (CAYMAN) Limited, a company
        incorporated in the Cayman Islands whose registered office is at Century
        Yard, Cricket Square, Hutchins Drive, P.O. Box 2681GT, George Town,
        Grand Cayman, British West Indies, Cayman Islands (the "Transferee");
        and

(3)     HUTCHISON GLOBAL COMMUNICATIONS INVESTMENT HOLDING LIMITED, a company
        incorporated in the British Virgin Islands whose registered office at
        P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
        British Virgin Islands (the "Depositor").

WHEREAS:

(A)     Pursuant to a Sale and Purchase Agreement of even date hereof (the
        "Share Sale and Purchase Agreement"), HTI (BVI) Holdings Limited agreed
        to purchase, and Hutchison Telecommunications Limited agreed to sell,
        320 shares of US$1.00 each in the Depositor.

(B)     The Depositor has deposited with the Transferor an amount of
        HK$1,683,793,928 (the "Deposit").

(C)     Subject to completion of the Share Sale and Purchase Agreement, the
        Transferor agreed to transfer the Deposit to the Transferee and the
        Transferee agreed to hold the Deposit for the Depositor on the terms and
        subject to the conditions set out herein.

NOW THIS AGREEMENT WITNESSETH as follows:

1.      In consideration of the Transferor being fully and absolutely released
        from its obligations to repay the Deposit to the Depositor, the
        Transferor hereby assigns and transfers unto the Transferee absolutely
        all its rights, title and interest in the Deposit TO HOLD the same unto
        the Transferee absolutely.

2.      The Transferor hereby warrants to the Transferee that:

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        (a)     the Deposit is free from all claims, charges, liens,
                encumbrances, options, equities of any kind, compromise,
                releases, waivers, defects, and any agreement for any of the
                same; and

        (b)     the Transferor has the right, authority and power to transfer
                the Deposit in the manner set out in this Agreement.

3.      The Transferee hereby acknowledges and confirms that as from the date
        hereof the Deposit is owed by the Transferee to the Depositor, and that
        the Depositor is entitled at any time and from time to time to require
        repayment of all or part of the same and that it will make all payments
        due in respect of the Deposit and discharge all its obligations in
        respect thereof directly to the Depositor on the demand of the
        Depositor.

4.      All payments made by the Transferor under Clause 1 of this Deed shall be
        made gross, free of any rights of counterclaim or set-off and without
        any deductions or withholdings of any nature.

5.      Each party hereto undertakes to the other parties that it will do all
        such things and execute all such documents as may be necessary or
        desirable to carry into effect or to give legal effect to the provisions
        of this Deed and the transactions hereby contemplated.

6.      Each party undertakes that it shall not reveal, and shall cause its
        shareholders, directors, senior executives, employees and agents not to
        reveal, to any third party any information concerning the transactions
        contemplated hereunder and/or the contents hereof (collectively,
        "Confidential Information") without the prior written approval of the
        other parties hereto.

        Nothing in this Section 6 shall prevent a party hereto from using or
        disclosing any Confidential Information which (a) is already known by
        such party at the time it is disclosed to it; (b) has been rightfully
        received by such party from a third party without a breach of an
        obligation of confidentiality; (c) is in the public domain through no
        wrongful act of such party; (d) is independently developed by such party
        without use, directly or indirectly, of the Confidential Information;
        (e) is required to be disclosed by applicable law, regulation or legal
        process or by judicial order; or (f) is in connection with the proposed
        spin off and listing of Hutchison Telecommunications International
        Limited.

        Notwithstanding anything contained in this Agreement, each party
        acknowledges and agrees that the other party(ies) may be required by law
        or any competent regulatory body (including but without limitation to
        The Stock Exchange of Hong Kong Limited and the Securities and Futures
        Commission) to issue time sensitive and/or urgent announcements relating
        to this Agreement or matters contemplated under this Agreement. Each
        party shall procure to be provided to the other parties a copy of each
        drafts of such time sensitive and/or urgent announcements promptly,

<PAGE>

        and shall consider in good faith any comments provided to it in a timely
        manner by the other parties to the extent reasonably practicable within
        the time frame stipulated by law or by the relevant competent regulatory
        body.

7.      Any notice required or permitted to be given by or under this Deed shall
        be given in writing by delivering it to the party concerned to the
        address or facsimile number of that party below or such other address or
        facsimile number as the party concerned may have notified to the others
        in accordance with this Clause 7. Any such notice shall be deemed to be
        served if sent by hand at the time of delivery, or if sent by facsimile,
        on the date of complete transmission, or if sent by post, the third day
        after posting, or if sooner upon acknowledgement of receipt by or on
        behalf of the party to which it is addressed.

            Transferor:
            Address:    22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong
            Attention:  Company Secretary
            Fax No.:    (852) 2128 1778

            Transferee:
            Address:    22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong
            Attention:  Company Secretary
            Fax No.:    (852) 2128 1778

            Depositor:
            Address:    22nd Floor, Hutchison House, 10 Harcourt Road, Hong Kong
            Attention:  Company Secretary
            Fax No.:    (852) 2128 1778

8.      This Agreement is governed by and shall be construed in accordance with
        the laws of the Hong Kong Special Administrative Region of the People's
        Republic of China ("Hong Kong") for the time being in force and the
        parties hereto hereby irrevocably submit to the non-exclusive
        jurisdiction of the Hong Kong courts in relation to any proceedings
        arising out of or in connection with this Agreement.

<PAGE>

IN WITNESS whereof this Agreement has been duly signed the date first above
written.

Signed by                                       )
Edith Shih                                      )        /s/  Edith Shih
For and on behalf of                            )
HUTCHISON INTERNATIONAL LIMITED                 )
in the presence of :                            )

/s/ Patricia L.C. Hui

Signed by                                       )
Susan Chow                                      )        /s/  Susan Chow
For and on behalf of                            )
HUTCHISON TELECOMMUNICATIONS                    )
INTERNATIONAL (CAYMAN) HOLDINGS                 )
LIMITED                                         )
in the presence of :                            )

/s/  Steven P. Allen

Signed by                                       )
Susan Chow                                      )        /s/  Susan Chow
For and on behalf of                            )
HUTCHISON GLOBAL                                )
COMMUNICATIONS HOLDINGS LIMITED                 )
was hereunto affixed in the presence of :       )

/s/  Steven P. Allen

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