China Unicom's Mixed Ownership Reform Plans Announced but Benefits Likely Overhyped
China Unicom’s first-half result was slightly better than expected with strength in the mobile businesses more than offsetting fixed-line weakness. More importantly, the company finalized details of the Mixed Ownership Reform Plan. We see likely benefits of this plan as being overhyped and question whether the related capital raise is still necessary. The China Unicom A share company will raise CNY 78 billion from share issuance to key Chinese companies and China Unicom employees, which will be ...China Unicom (Hong Kong) is an investment holding company. Through its subsidiaries, Co. is a telecommunications operator in China. Co. is engaged in providing mobile voice, fixed-line voice, fixed-line broadband, data communications and other telecommunications services to its customers.Co. is engaged in the provision of cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, information communications technology services, and business and data communications services. The GSM cellular voice, WCDMA cellular voice, TD-LTE cellular voice, LTE FDD cellular voice and related value-added services are referred to as the .mobile business.
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