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China Unicom warns of 1H profit slump

2016-08-03 02:00:00| Total Telecom industry news

Chinese telco has turned around mobile customer losses, but says sales and marketing costs increased significantly.

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Telefonica raises 322m from China Unicom stake sale

2016-07-11 02:00:00| Total Telecom industry news

Spanish incumbent cuts shareholding by 1.5% as part of its debt-reduction plan.

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China Unicom issues Q1 profit warning

2016-04-20 02:00:00| Total Telecom industry news

But telco insists it will reverse recent declines in mobile customer numbers in first three months of 2016.

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China Unicom warns for sharp fall in Q1 profit

2016-04-19 12:19:00| Telecompaper Headlines

(Telecompaper) China Unicom has warned of a sharp fall in profit on lower service revenue in the first quarter. Despite showing a recovery in the mobile market with net additions of 6.61 million subscribers, the company said mobile service revenue was down 1 percent year-on-year, at CNY 36.2 billion. Total revenue at the operator was CNY 60.8 billion, according to the preliminary report, an increase both year-on-year and versus Q4 2015. However, net profit fell by around 85 percent to CNY 480 million, mainly due to a 16 percent rise in selling and marketing expenses and a 37 percent increase in network, operation and support expenses. 

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China Unicom plans data centre network

2016-03-31 02:00:00| Total Telecom industry news

Chinese telco working on build out of 2 million square metres of data centre space.

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