Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
Vietnam Mobile & Broadband International Summit 2010 @ Hanoi - 2010/03/25
China Mobile Internet Summit 2010 @ Beijing - 2010/04/07
Green Fuels & Vehicles China 2010 @ Shanghai - 2010/04/08
TETRA World Congress @ Singapore - 2010/05/25
Global Mobile Internet Conference 2010 @ Beijing - 2010/05/27
NGMN Industry Conference 2010 @ Shanghai - 2010/06/02
Prepaid Mobile North Asia 2010 @ Shanghai - 2010/06/22
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
China Unicom, Telefonica Complete Mutual Investments
October 23, 2009 |
Print
| 
Email
| 
Comments | Category: Business, Telecom & Wireless
According to Telefonica, the leading telecommunications operator in the Spanish- and Portuguese-speaking world, the company has completed its stock swap with the Chinese telecom operator China Unicom.
Under the agreement signed by Chang Xiaobing, chairman of China Unicom, and Cesar Alierta, chairman of Telefonica, in Beijing at the beginning of September 2009, the two parties agreed to make mutual investments by acquiring shares of USD1 billion from each other. On the completion of this transaction, China Unicom would own a 0.88% stake in Telefonica; while Telefonica would increase its stake in China Unicom from the previous 5.38% to about 8%.
The strategic agreement also shows that China Unicom and Telefonica will enhance cooperation in joint purchase, mobile service platform development, transnational customer service, international roaming, and technology development. Meanwhile, the two parties will share their experiences and set up strategic cooperation projects to promote the communications and exchanges between them.
Recommend this page: 
Loading ...Leave A Comment:
-
Business
- MSN China Vice President Resigns
- KongZhong Posts Increased China Revenue But Warns On Weak Mobile Growth
- Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
- Rumor: PayPal To Cooperate With Alibaba For Online Payments In China
- China Network Television, Shanda Reach Strategic Cooperation
-
Commentary
-
Computing
-
Gadgets & Electronics
- Founder To Promote Copyright Pricing Standards For E-books In China
- Motorola Android Phones Go For Microsoft's Bing Search Engine In China
- NGMN Alliance Announces NGMN Industry Conference & Exhibition 2010 in Shanghai, China
- China Unicom Unveils Its First Android Wi-Fi Customized Smartphone
- Chinese Consumers Complain About HP's Products
-
Internet
- MSN China Vice President Resigns
- Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
- Rumor: PayPal To Cooperate With Alibaba For Online Payments In China
- Ctrip.com Promises To Compensate Online Consumers For Price Differences
- 365anfang.com Allies With Taobao, Alipay To Ensure Online Shopping Safety
-
Law & Policy
Copyright 1999-2010 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 