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China Unicom to Woo Grey-Market iPhone Users

China Securities Journal, 6/24/10

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) general manager of sales Yu Yingtao has revealed that Unicom plans to begin offering "buy credit, get free credit" contract plans starting July 1 for new Unicom subscribers who already have their own handsets. An industry source noted that the plan is intended to attract China's millions of grey-market iPhone users to sign up with Unicom.

Keywords: Yu Yingtao China Unicom iPhone wireless 0762.HK 600050.SH CHU black market

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