The China Unicom gets a thumbs up signal from it’s minority share holders who approved of the Netcom-Unicom merger, as part of the restructuring of China’s telecommunications industry. After the merger, China Netcom will become China Unicom’s wholly wned unit.
It’s minority shareholders also approve of the sale of it’s CDMA operations to China Telecom.
China Telecom will pay an amount of CNY43.8 billion for China Unicom’s CDMA business.
Wireless Federation » China Unicom’s shareholders OK the China Netcom merger (China)
China Unicom’s shareholders OK the China Netcom merger (China)
- September 17th, 2008
- 6:19 am
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