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China Unicom deploys international undersea cable

2015-09-14 09:25:00| Telecompaper Headlines

(Telecompaper) China Unicom is building an international undersea cable, Xinhua news agency reports. The operator claims the system is China's first international undersea cable. China Unicom has teamed up with Myanmar telecom operators to build the underwater cable, said Jiang Zhengxin, vice general manager of China United Telecommunications, China Unicom's parent company.

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China Telecom, Unicom swap chairmen

2015-08-24 08:12:00| Telecompaper Headlines

(Telecompaper) China Telecom and China Unicom have swapped chairmen. Unicom's chairman Chang Xiaobing will take up the same position at Telecom, replacing Wang Xiaochu, who becomes chairman of China Unicom. Xiaochu has also resigned from his position as executive director, chairman and CEO of China Telecom, effective immediately, and Xiaobing has done the same at China Unicom, from 24 August.

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China Telecom, China Unicom swap chairmen

2015-08-24 02:00:00| Total Telecom industry news

Wang Xiaochu, Chang Xiaobing take up new roles as China Mobile's Guohua retires.

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China Unicom H1 profits up on lower costs, broadband growth

2015-08-21 10:35:00| Telecompaper Headlines

(Telecompaper) China Unicom reported revenues for the first half of 2015 down 3.3 percent from a year earlier to CNY 144.69 billion. Services revenue fell 5.3 percent, with mobile revenues down 9.7 percent to CNY 73.46 billion and fixed revenues up 2.2 percent to CNY 46.19 billion. Unicom blamed the drop on the changes to VAT in China and changes to its sales and marketing model. The latter resulted in reduced handset subsidies and operating costs, helping EBITDA for the period increase 5.8 percent to CNY 50.46 billion. Net profit was up 4.5 percent to CNY 6.99 billion. The operator highlighted the focus on broadband services, with 3G and 4G now accounting for 71.8 percent of mobile service revenue, up from 66.9 percent a year ago. The number of mobile broadband subscribers increased by 8.68 million in the six months to 157.79 million at the end of June, equal to 54.5 percent of total mobile subscribers, up by 6.8 percentage points over the same period last year. Data usage by handset subscribers grew by 47.4 percent year-on-year, and the average monthly data traffic for mobile broadband customers was up 34.1 percent.

Tags: china lower costs growth