View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
August 22, 2008

Telefonica plans to acquire 10% stake in China Unicom

Spanish telecom company Telefonica has announced plans to acquire a 10% stake in wireless operator China Unicom, one of the two mobile phone operators in China.

By CBR Staff Writer

The company presently owns a 7.2% stake in fixed-line operator China Netcom, which will be diluted to about 3% once China Unicom acquires China Netcom for $24bn. Fixed-line operator China Telecom will acquire Unicom’s mobile-phone assets based on CDMA technology for more than $15bn.

China has recently announced a telecom restructuring plan which will result in three groups based around China Mobile, China Telecom, and China Netcom in the world’s largest telecom market.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.