Unicom to Invest RMB 2.8 bln in Post-Quake Rebuild

Tencent Tech, 6/10/08

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has announced that it plans to invest RMB 2.8 bln in Sichuan for the restoration and rebuilding of telecommunication systems in earthquake-hit zones. Of that total, RMB 610 mln will be spent in the restoration stage, including restoring 956 base stations and 6,300 km of optical cable. The second stage - rebuilding - will start from August and last until December, and will see RMB 2.2 bln spent to rebuild 3,200 base stations and 70,500 km optical cable. After both stages are complete, telecommunication network coverage will be up 15% over that before the earthquake.

The Wenchuan earthquake on May 12 has caused direct loss of RMB 760 mln to Sichuan Unicom, with 3,007 base stations damaged.

Keywords: 0762.HK 600050.SH cable China Unicom CHU coverage earthquake Sichuan Sichuan Unicom Wenchuan wireless base station

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily