QUOTE AND NEWS
Finance Asia  Nov 11  Comment 
Spanish telecom operator offloads half its stake to fund acquisitions in Europe and Latin America.
Wall Street Journal  Nov 10  Comment 
Spain’s telecommunications firm Telefónica SA is seeking to sell a 2.5% stake in China Unicom (Hong Kong) Ltd. for up to $875 million, according to a document seen by The Wall Street Journal.
Benzinga  Oct 31  Comment 
Below are the wireless communications stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at China Mobile (NYSE: CHL) is $106.61 billion. China Mobile's ROE for the same period is 14.66%. The...
Forbes  Oct 23  Comment 
When the company releases its third quarter results, we expect its wireless business to continue to show strong growth on account of an expanding subscriber base and an improving 3G-4G mix. However, it is likely to be impacted by the company’s...
The Hindu Business Line  Oct 23  Comment 
China Unicom Hong Kong Ltd saw net income for the first three quarters of 2014 increase 26.1 per cent to 10.56 billion yuan ($1.73 billion), as its high-paying 3G subscriber base continued to grow...
SeekingAlpha  Sep 23  Comment 
By Trefis: China Unicom (NYSE:CHU) reported a marked decline in 3G and 4G subscriber additions in August with about 1.3 million adds, compared to over 2.5 million in July and over 3 million in June. In terms of high speed (3G and 4G) user gains,...
StreetInsider.com  Sep 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Sky-mobi+Limited+%28MOBI%29+Reports+New+Partnership+With+China+Unicom/9846460.html for the full story.
Benzinga  Sep 16  Comment 
Below are the wireless communications stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at China Mobile (NYSE: CHL) is $106.30 billion. China Mobile's operating margin for the same period is 19.74%. The...
SeekingAlpha  Aug 31  Comment 
By Douglas Ehrman: Shares of Tesla Motors (NASDAQ:TSLA) traded up to an all-time high during the Friday holiday trading session heading into the Labor Day weekend, largely driven by news that the electric car maker had struck a deal with China...
Benzinga  Aug 29  Comment 
Tesla Motors (NASDAQ: TSLA) announced it is partnering with China Unicom (NYSE: CHU) to build electric car charging outlets across China, the world's biggest auto market. The two companies agreed to a deal to build charging posts at 400 China...




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Beijing-based China Unicom Limited (China Unicom) provides a wide range of telecommunication services throughout China. With approximately 30% of the total mobile phone users in China, China Unicom is the second largest mobile operators in China behind China Mobile. The company's primary source of revenue is its wireless services, which are based on both the global system for mobile communications (GSM) and code division multiple access (CDMA) technologies. Other telecom services provided by China Unicom include domestic and international long distance and Internet services. As of 2006, revenues from GSM business and CDMA business each accounted for 63% and 29% of total revenue, respectively. Data and internet business, long distance business and sales of telecommunications products totally accounted for 8% of the total revenues. China Unicom is currently the sole provider of CDMA services in China. As of December 31, 2007, the company had 119 million GSM subscribers and 41 million CDMA subscribers.

China Unicom's net income for the third quarter of 2007 increased 114% over the same period of 2006 because of its rapid growth of GSM revenue and cost control. However, the net income still didn't meet the market consensus. The company still faces fierce competition from aggressive GSM pricing offered by China Mobile. It maintains separate GSM and CDMA networks, which dilutes management focus and operating efficiency. CDMA is expected to be Unicom's future growth driver, but high infrastructure and handset costs place it at a disadvantage to China Mobile's GSM service. Unicom's growth potential through CDMA is offset by competitive threats and high costs relative to GSM. However, the company was able to increase its profit margins because of cost controls. Moreover, although its stock price increased significantly due to market speculation, the stock appears fairly valued, considering the possible restructuring in telecom industry in China and its 3G opportunities in China. Thus, we maintain our Hold recommendation.




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