China Unicom To Acquire 49% Of Macao's Largest Telecom Company
November 30, 2004 |
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Comments | Category: Telecom & Wireless
In order to strengthen the economic integration between mainland China and Macao SAR, the Chinese government has approved China Unicom to acquire 49% of of Companhia de Telecomunicacoes de Macau, the largest telecom in the region.
Shares are currently held by British Cable & Wireless (51%), Portugal Telecommunication International (28%), Zhongxinfutai (20%) and the Macao SAR government (1%).
It is still unclear whether the acquisition will be done by the mainland-based China Unicom Group or its listed affiliate in Hong Kong.
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