China Unicom has agreed to buy back its stake from SK Telecom for HK$10 billion (US$1.3 billion) after SK offered to cease a three-year alliance.
The country’s second-largest mobile phone carrier said it will repurchase the 3.79-percent stake held by SK Telecom at HK$11.105 per share, 1.4 percent lower than Unicom’s last close in Hong Kong [...]
Net profit at China Unicom Ltd, which will debut its 3G services in 55 cities nationwide in May, jumped 58 percent year on year, boosted by the sale of a wireless unit to China Telecom Corp Ltd.
The country’s No. 2 mobile carrier aims to invest 110 billion yuan (US$16.17 billion), a 56-percent growth year on [...]
China’s Little Smart subscriber base dropped 17.4 percent last year as users switched to mobile phones and carriers transferred major investment to mobile businesses, especially 3G, the industry regulator said yesterday.
Little Smart is a city-wide cordless communications technology based on the fixed-line network. Compared with mobile phones, Little Smart users enjoy lower rates but they [...]
China Telecom has just issued new mobile numbers that begin with the digits 189. It’s the company’s first move since it acquired CDMA operation from China Unicom earlier this year. Meanwhile, competition in the telecom market is getting intense as mobile phone operators have launched new promotions to attract customers.
China Telecom only recently moved into [...]
China’s smaller telecom operator China Unicom will pay 6.43 billion yuan ($939 million) in cash to buy fixed-line assets from its parent company and China Netcom.
The deal is part of China’s telecom industry overhaul launched in June, which is aimed to break China Mobile’s monopoly and speed up the pace of rolling out third generation [...]
China Unicom<600050><762>, the second largest mobile telecom carrier in China, announced its proposed acquisition of certain assets and business related to its core business from its parent China United Network Communications Group Co Ltd and China Network Communications Group Corp.
China Unicom, after the recent industry restructuring, plans to acquire telecommunication assets from its parent for [...]
