China Unicom's Strong Underlying 1Q Result Foreshadows Solid Full Year
China Unicom’s underlying first-quarter result was positive, with mild revenue growth and strong profit growth despite the government’s mandated removal of data roaming fees in July 2018 driving mobile services revenue into decline. With the effect of the mobile data fee removal set to wash through in the second half of the year, the company appears set to produce strong profit and cash flow growth this year. First-quarter services revenue growth of 0.3% consisted of fixed services revenue up 9....
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