China Unicom Ltd. (NYSE: CHU, SEHK: 0762, and SHSE: 600050) announced on November 16, 2007 that it would acquire the assets of its parent China United Telecommunications Corporation (Unicom Group) in Guizhou Province, southwest China, for CNY 880 million.
The aforesaid acquisition will mark the overall listing of Unicom Group, China’s second largest mobile communications giant.
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Leading global telecommunications company Nokia Siemens Networks (NSN) announced yesterday that it signed a contract with China Mobile Group Beijing Ltd for the delivery of its first Flexi GSM Base Station in China.
“It is our first sale of a Flexi GSM Base Station in China, which will be delivered for the Olympic stadium, the Bird’s [...]
Nokia Siemens Networks, a leading telecoms firm jointly established by Finland-based Nokia and Germany-based Siemens this year, announced that it has won the contract from China Mobile Group Beijing Ltd to deliver its first Flexi Base Station in China.
The first sale of a Flexi GSM Base Station, which has been acclaimed to be the smallest [...]
Vodafone expects to increase its presence in China following a long anticipate restructuring of the telecoms market by the government. Vodafone’s chief executive, Arun Sarin told the London Financial Times that the group’s stake in China Mobile - valued at around US$13 billion - is a “kitty” that could be used to take advantage of [...]
China Unicom Ltd said its wholly-owned unit China Unicom Corp Ltd (CUCL) has entered into an agreement to acquire various telecom assets in Guizhou of parent, China United Telecommunications Corp (Unicom Group), for 880 million yuan (about US$119 million).
The assets to be acquired by CUCL include the GSM cellular telecommunication assets and business and the [...]
Shares of China Mobile and China Unicom, the mainland’s two biggest mobile service companies, surged in Hong Kong, lifted by news that China Mobile was in talks with Apple to bring the iPhone to China.
China Mobile chairman Wang Jianzhou told reporters about the discussions with Apple, but said the two companies had not yet reached [...]
