China Unicom’s CDMA network from October 1 will now be owned by China Telecom, reports a local news source. CDMA assets to change hands include all ‘133’ and ‘153’ prefixed CDMA telephone numbers, CDMA transmission equipment, some sales outlets of China Unicom in ten northern provinces, CDMA terminals and other CDMA-related system and equipment. The assets will be paid in three stages by China Telecom; the first instalment will be of 70% which is to be made in three days of delivery, with 20% due within 60 days. The remaining 10% to be paid before March 31 2009. China Unicom will transfer 40% of it’s CDMA employees in the ten northern provinces to China Telecom; and rest 19.76% for the other provinces.
Wireless Federation » China Telecom will own China Unicom’s CDMA network from Oct1 (China)
China Telecom will own China Unicom’s CDMA network from Oct1 (China)
- August 5th, 2008
- 12:46 pm
