China Unicom

China Unicom grows data usage with low-cost devices

Chinese operator China Unicom has announced a 92 per cent year on year increase in mobile data usage, attributing the growth in part to the availability of low-cost smarpthones. In an earnings release posted late last week, Unicom referenced an improvement in its smartphone “quality to price ratio”.

China to open opportunities to foreign MVNOs

In a bid to encourage direct foreign investment into the country, China’s Ministry of Industry and Information Technology (MIIT) has issued a draft proposal to allow mobile virtual network operators (MVNOs) to set up in the market.

Telefónica sells China Unicom stake

Telefónica has announced that it has sold a 4.56 per cent stake in China Unicom for HK$10,963.3 ($1.413bn). The deal leaves the Spanish operator group with a 5.01 stake in the Chinese firm.

HTC to expand reach in Europe and China

Taiwan-based device manufacturer HTC is looking to broaden its reach in both China and Europe with announcements of expansions into both markets. In the case of China, the company has announced its plans to increase the number of retail outlets there from 630 to 2000 by the end of 2011. With a market 10 times bigger than Taiwan’s, where HTC is the dominant player, China could be a lucrative revenue stream for HTC if it can take on Huawei and ZTE, both of which have been paying increasing attention to western markets lately.

China Unicom takes profit hit for second year in a row

China Unicom’s heavy spending on handset subsidies has taken its toll on profits. Announcing its 2010 annual results yesterday, China’s second-largest operator reported an 11.3 per cent growth in revenue that was tempered by a net profit drop of almost 60 per cent to $586.5m. China Unicom reported losses of RMB 3.4bn on “handset subsidy costs.”

China Telecom to buy parent’s wireless network

China Telecom is to buy the CDMA network it currently leases from parent company China Telecommunications. With fourth quarter profits up 42 per cent on the back of a tripling of smartphone users, China’s biggest fixed-line carrier is looking to build on that growth by reducing its 3G costs. Last year, the cost of leasing the CDMA network rose by 59 per cent – more than the depreciation of assets and other related costs – to CNY13.3bn ($2bn).

China Unicom announces ‘Wophone’ OS

China Unicom has announced the development of its own smartphone operating system built on a Linux core. The ‘Wophone’ OS, which reports claim will not be based on Android, will run on a new brand of devices which, it is hoped, will help China Unicom expand its handset offering in order to grow demand for its 3G services.

China Unicom profits to fall by more than half

China Unicom has announced that its full year profits for 2010 are likely to be less than half what the company reported for 2009. The news came days after it was revealed that the Chinese carrier is to deepen its equity relationship with Telefónica, with the Spanish incumbent investing €500m to take its stake in Unicom to 9.7 per cent.

Telefónica and China Unicom deepen relationship

Spanish incumbent operator Telefónica and China Unicom have announced that they are to deepen a relationship that was formalised in September 2009. Each will invest a further $500m in the other, taking Telefónica’s stake in Unicom to 9.7 per cent, and the Chinese carrier’s shareholding in Telefónica to 1.37 per cent.

Ericsson wins big in China

Swedish equipment firm Ericsson said Monday that it has scored two frame agreements with China’s leading wireless operators, China Mobile and China Unicom, valued at $1.8bn.

SK Telecom sells out of China Unicom

South Korean carrier SK Telecom has sold its entire 3.8 per cent stake in China Unicom back to the Chinese firm after incurring a loss on the investment.

China Unicom and Telefónica deepen relationship

Spanish incumbent Telefónica has struck a deal with China Unicom that will see each company invest $1bn in the other. The arrangement will take Telefónica’s stake in Unicom to more than eight per cent, while the Chinese carrier will own roughly 0.9 per cent of Telefónica.

China Unicom adds iPhone to portfolio

Chinese carrier China Unicom, which was recently blessed with the award of a WCDMA 3G licence, appears to be fleshing out its future portfolio of devices with a mouth watering array of gadgets.

China Telecom reveals wireless plan

China’s leading fixed line carrier, China Telecom, has revealed that it will pay a total of $16.1bn to acquire the CDMA network of mobile operator China Unicom. The deal is part of the Chinese government’s restructuring plan for the country’s telecoms sector, announced in May. China Telecom will pay Rmb66.2bn to acquire the CDMA network […]

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