Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Unicom Suspected Bribe-Taker in Lucent Scandal

21st Century Business Herald, 12/27/07

To date, none of the almost one thousand Chinese telecommunications executives implicated in the Lucent (now Alcatel-Lucent) bribery case have been investigated by Chinese law-enforcement organs.

Although the US Securities and Exchange Commission has not named the companies involved, internal documents released show that Lucent won a CDMA contract worth USD 428 mln from one company after it paid for trips to the US for its executives. To date, China Unicom (NYSE: CHU; 0762.HK; 600050.SH) is the only one of China's four major operators to use Lucent's CDMA equipment.

Keywords: Lucent Alcatel-Lucent scandal law litigation SEC CDMA China Unicom CHU 0762.HK 600050.SH mobile network equipment wireless

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports