China Unicom’s net profit drops by 50%

www.WirelessFederation.com/news: 50% decrease in the net profit has been expected by Chinese telecommunications operator China Unicom because a one-off disposal gain boosted its 2008 results significantly.

An after-tax gain of 27.57 billion Yuan ($4 billion) for 2008 had been generated by China Unicom after selling its code division multiple access mobile operations to China Telecom Corp. in October 2008

High costs and expenses for its new third-generation mobile business have been cited as some of the reasons behind the poor performance of the company in 2009.