Netcom & Unicom together bring China Unicom (Hong Kong) Limited (China)China Unicom and China Netcom have completed the unification, with the resultant new company, China Unicom (Hong Kong) Limited, established. China Netcom was delisted from the Hong Kong and US bourses with immediate effect. The new company will put together the wireless and fixed line services of the two firms to become a full service provider. It has also pledged to speed up the construction of a 3G mobile network and will champion the uptake of fixed line broadband services.
China United Telecommunications Corporation, parent company of China Unicom, have completed the sale of its CDMA network to China Telecom, with around 20,000 employees transferred to the purchaser.
