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China Unicom shares suspended, new investors to be unveiled imminently
2017-08-16 02:00:00| Total Telecom industry news
Trading in China Unicom shares was halted on Wednesday ahead of the expected unveiling of a raft of new investors in the company. In a brief statement, China Unicom said its shares were suspended "pending the release of an announcement containing inside information of the company…read more on TotalTele.com »
Tags: china
shares
investors
suspended
China Unicom confirms Alibaba, Baidu, Tencent as new shareholders
2017-08-16 02:00:00| Total Telecom industry news
As expected, China Unicom on Wednesday confirmed that Web giants Alibaba, Baidu, and Tencent are among more than a dozen companies that will invest a combined 74.72 billion yuan (€9.53 billion) in the operator in a bid to revive its fortunes. Alibaba rival JD.com and ride-hailing firm Didi are part of the group as well (see below for a full list). China Unicom said it expects net proceeds to come in at CNY61…read more on TotalTele.com »
Tags: china
alibaba
shareholders
confirms
China Unicom H1 profit up 69% on lower revenues
2017-08-14 09:08:00| Telecompaper Headlines
(Telecompaper) China Unicom said it expects its service revenue for the first half of 2017 to reach CNY 124.1 billion, which represents an increase of 3.2 percent year-on-year. Mobile service revenue is expected to be around CNY 76.8 billion, up by 5.2 percent year-on-year. Due to the intense competition in the fixed-line broadband market, China Unicom estimates its broadband access revenue fell year-on-year, resulting in flat fixed-line service revenue of nearly CNY 46.6 billion.
Tags: china
lower
profit
revenues
China Unicom issues H1 revenue warning
2017-08-14 02:00:00| Total Telecom industry news
China Unicom has warned that first half revenue will come in lower compared to last year, but profit will surge by almost 70%. In a statement late last week, the operator said it expects revenue for the first six months of the year to reach 138.2 billion yuan (€17.56 billion), down 1.5% from a year ago. China Unicom said the decline was attributable to lower equipment sales and flat fixed broadband revenue…read more on TotalTele.com »
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issues
warning
revenue
China Unicom fuels investor speculation with Alibaba, Tencent deals
2017-08-07 02:00:00| Total Telecom industry news
China Unicom has partnered with Alibaba and Tencent, fuelling speculation that it could soon count the online giants among its shareholders. C114 reported last week that the operator has agreed to establish "…read more on TotalTele.com »
Tags: china
deals
investor
alibaba
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