Forbes  Apr 26  Comment 
China Unicom, the second largest Chinese wireless carrier, published its financial and operational indicators for Q1 2016 last week, posting a year-over-year decline in revenues and profitability, amid lower product sales,wireless subscriber...
Cellular News  Apr 20  Comment 
The Chinese mobile network operator, China Unicom has issued a profits warning, having estimated that its Q1 net profits would fall, blaming rising costs. Click here for more.
Benzinga  Apr 19  Comment 
Seven years ago, China Unicom (Hong Kong) Limited (ADR) (NYSE: CHU) solidified a deal with Apple Inc. (NASDAQ: AAPL) to bring iPhones to China. Over the past 10 years, China Unicom has risen more than 50 percent. However, shorter-term, the...
Benzinga  Apr 6  Comment 
Analysts at JP Morgan upgraded Cisco Systems, Inc. (NASDAQ: CSCO) from Underweight to Neutral. The target price for Cisco has been raised from $17 to $27.50. Cisco shares closed at $27.58 on Tuesday. Morgan Stanley upgraded China Unicom (Hong...
Cellular News  Apr 1  Comment 
ZTE has announced that it has launched a commercial trial of voice over LTE (VoLTE) high definition voice services in Henan province for China Unicom. Click here for more.
CNNMoney.com  Feb 24  Comment 
Read full story for latest details.
Forbes  Jan 13  Comment 
China Unicom and China Telecom, the smaller two Chinese wireless carriers, signed a multi-pronged strategic agreement to share resources, enabling them to cut costs and better compete with larger and better capitalized rival China Mobile. In this...
Financial Times  Jan 13  Comment 
Alliance between China Unicom and China Telecom aimed taking on market leader


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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