China Unicom expects pretax gain of $5.52 billion from CDMA sales (China)China Unicom reportedly said, it expects a pretax gain of US$5.52 billion (CNY37.6 billion) from the sale of its CDMA operation to China Telecom Corp.
China Unicom said the sale price for the CDMA operation remains unchanged from the CNY43.8 billion price the company gave last month.
China Unicom said it will use the sale proceeds to expand its GSM network coverage and enhance information technology support systems, to prepare for the introduction of third-generation services.
