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.