China Unicom Turning Around Its Mobile Operations Ahead of 5G Rollout; FVE Raised to HKD 11.20
China Unicom continued the recovery in its key mobile business in 2017 and reported very strong momentum in early 2018. After many years of inexplicably underperforming its competitors, the company is back on track. Concerns about government pricing edicts and upcoming 5G capital expenditure remain, but with a vastly improved balance sheet and improved financial performance, the firm now looks much better placed to address those challenges. 2017 services revenue was up 4.6%, with EBITDA up by 3....
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