Unicom looks at strategic investors
China Unicom says it is likely to follow the lead of rival China Mobile and sell a further stake in itself to a strategic investor.
China Unicom, China's second biggest telecommunications company, may sell a stake in itself to a strategic investor, according to Telecom Financing Week, an industry newsletter. This follows the lead of rival China Mobile, which earlier this month sold a 2% stake to UK-based Vodafone.Unicom, which has a market capitalization of $25 billion, raised $4.9 billion in an initial sale of its shares in New York and Hong Kong in June. It plans to spend $4.8 billion this year to build out its …
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.