The dual-listed China Unicom’s share performance was mixed in Shanghai and Hong Kong yesterday, which showed investors’ different views over an industry restructure plan.
China Unicom’s GSM (global system for mobile communications) business will join China Netcom. China Telecom will acquire China Unicom’s CDMA (code division multiple access) business, the South China Morning Post reported.
China Mobile [...]
China Unicom Ltd., the smaller of the nation’s two mobile-phone operators, rose to the highest in more than two months in Hong Kong trading after a newspaper said the government completed plans to combine state-owned carriers.
The Beijing-based carrier rose 6.1 percent to HK$18.58 as of 11:49 a.m., the highest since Oct. 30, bringing its two-day [...]
Beijing has given the final green light to the long-awaited restructuring of China’s telecommunications sector that will include a series of mergers to create three industry giants capable of providing a full range of services, the South China Morning Post reported on Friday.
Speculation that the revamp had been approved lifted shares of China Unicom by [...]
There was a 13.6% drop in 2007 in overall telecommunication charges in China. Information Industry Minister Wang Xudong said it means the cost have reduced by half in the past five years. He added that ‘a preliminary market-oriented pricing system has been established.’
Which is not encouraging for he did not mention the specific amount or [...]
Chinese phone users are now less reluctant to check their phone bills as efforts to reform the monopoly industry resulted in a 13.6 percent drop in 2007 in overall telecommunication charges in China.
It means the cost have reduced by half in the past five years, said Information Industry Minister Wang Xudong at a work conference [...]
The official Shanghai Securities News has reported that China’s economic planning agency has proposed that fixed-line operators acquire China Unicom’s assets. This would create two entities with both mobile and fixed-line assets to challenge dominant cellular firm China Mobile.
According a report from the National Development and Reform Commission’s research bureau, the acquisition of Unicom assets [...]
