China Telecom Press Release, 6/02/08
China Telecom Corporation, the parent company of China Telecom Corporation Ltd (NYSE: CHA; 0728.HK; "China Telecom"), has agreed to acquire the CDMA network from China Unicom Ltd's (NYSE: CHU; 0762.HK; 600050.SH) parent company, China United Telecommunications Corporation, for a price of RMB 66.2 bln. Read More...
CWW, 6/02/08
According to information from within China Unicom (NYSE: CHU; 0762.HK; 600050.SH), it has agreed with China Telecom (NYSE: CHA; 0728.HK) that one-third of Unicom's staff will transfer to China Telecom when the latter purchases Unicom's CDMA network. Read More...
Datamonitor, 5/30/08
China Telecom (NYSE: CHA; 0728.HK) has announced a strategic tie-up with wireless telecommunications research firm Qualcomm to use the latter's CDMA technology in the mobile network it is acquiring from China Unicom (NYSE: CHU; 0762.HK; 600050.SH). Read More...
China Netcom Press Release, 6/02/08
Details regarding the planned merger of China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Netcom (NYSE: CN; 0906.HK) have been announced, with each share of Netcom to be exchanged for 1.508 shares of Unicom, and each American Depository Share (ADS) of Netcom to be exchanged for 3.016 ADSs of Unicom. Read More...
NetEase, 6/02/08
In today's analyst briefing on the Announcement of the Merger between China Netcom (NYSE: CN; 0906.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH), China Unicom chairman and CEO Chang Xiaobing disclosed the post-merger shareholding structure of the New China Unicom: Netcom Group (29.49%), Unicom Group (40.92%, among which, A-shares account for 82.10%), and public shareholders (29.59%). Read More...
Sina Tech, 6/02/08
According to an informed source, Chinese online game developer and operator The9 (Nasdaq: NCTY) is to cooperate with a listed financial institution to launch cross-sector promotional products for World of Warcraft. Read More...
