Forbes  Aug 11  Comment 
Mobile service revenue grew by about 12% y-o-y to RMB 81.3 billion ($13.2 billion) driven by the net addition of over 40 million 3G and 4G subscribers in the one year period prior to June 30. Although the company registered robust bottom line...
SeekingAlpha  Aug 10  Comment 
China Unicom Limited (NYSE:CHU) Q2 2014 Earnings Conference Call August 7, 2014 6:00 AM ET Executives Xiaoke Zhou – IR Xiaobing Chang – Chairman and Chief Executive Officer Yimin Lu – Executive Director and President Li...
SeekingAlpha  Aug 7  Comment 
ByQuoth the Raven: This morning, NQ Mobile (NYSE:NQ) released one of their patented partnership press releases. The company came out to announce that they've reached a deal with China Unicom to put (NYSE:CHU) NQ's Music Radar technology into the...
StreetInsider.com  Aug 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/NQ+Mobile+%28NQ%29+Announces+Music+Radar+Integration+Deal+with+China+Unicom+%28CHU%29/9730742.html for the full story.
Wall Street Journal  Aug 7  Comment 
China Unicom, the country's second-largest wireless carrier, said its profit for the first six months of the year rose 26%, due partly to favorable regulatory policies.
Forbes  Aug 6  Comment 
When the company releases its second 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...
Forbes  Jul 3  Comment 
We expect the hybrid license to help China Unicom improve its monthly subscriber adds and pose a bigger challenge to China Mobile?s dominance in 4G. However, it remains to be seen how the carrier intends to increase the supply of handsets...
StreetInsider.com  Jun 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/China+Unicom+%28CHU%29+Approved+to+Conduct+TD-LTELTE+FDD+Hybrid+Network+Trial+in+Several+Cities/9622417.html for the full story.
SeekingAlpha  Jun 25  Comment 
By Trefis: China Unicom‘s (CHU) consistent gains in the Chinese wireless market continued in May, as it added over 3.3 million high-speed (3G & 4G) subscribers, taking its total 3G/4G subscriber count to about 138 million. Owing to the loss of...


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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