QUOTE AND NEWS
Cloud Computing  Sep 9  Comment 
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group...
Forbes  Aug 19  Comment 
China Unicom, the second largest Chinese wireless carrier, published its first half 2016 interim financial results on Wednesday, reporting a year-over-year decline in revenues and profitability, amid lower product sales, wireless subscriber losses...
newratings.com  Jul 11  Comment 
MADRID (dpa-AFX) - Spainish telecom group Telefonica SA (TDE.L, TEF) reported Monday said the company, through its subsidiary, Telefónica Internacional, S.A.U., has proceeded with the sale of 361.8 million shares of China Unicom (Hong Kong)...
Reuters  Jul 9  Comment 
Spanish telecoms giant Telefonica SA has raised about $364 million by selling some of its shares in China Unicom (Hong Kong) Ltd , China's No. 2 telecommunications service...
Cellular News  Jun 16  Comment 
Chinese smartphone vendor Xiaomi has teamed up with China Unicom to expand its offline retailing channels. Click here for more.
Cellular News  Jun 6  Comment 
Ericsson, China Unicom and Qualcomm successfully accomplished a large-scale trial of three-carrier aggregation in Chengdu, capital city of Sichuan Province. Click here for more.
Cellular News  May 20  Comment 
Ericsson and China Unicom have signed a Memorandum of Understanding (MoU) to collaborate on next-generation networks. Click here for more.
The Economic Times  May 12  Comment 
The two companies aim to accelerate the development of next-generation network standardization and the maturity of network infrastructure, to establish cross-industry ecosystems and to foster innovation for new business.
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...




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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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