Network Communications

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China Unicom: Stock repurchase of red-chip company completed

View the latest quotes November 5, China Unicom (600050) holding subsidiary of China United Network Communications (Hong Kong) Co., Ltd. (unicom red chips) under the terms of the share repurchase agreement, Take out the way to buy back the shares of South Korea SK Telecom Company owned by the Unicom red chips, the shares of about 900 million shares will be cancelled as soon as possible after the completion of the share repurchase. After the repurchase is completed, SK Telecom will no longer hold any shares in the Unicom red-chip company. China Unicom also announced that Zheng Wanyuan resigned as non-executive director of Unicom's red-chip company on November 5. (...

Spanish telecom and China Unicom red chip companies to increase their holdings

January 23, China Unicom (600050) holding subsidiary of China United Network Communications (Hong Kong) Co., Ltd. (Unicom Red-chip company) and Telefónica concluded a strategic alliance to strengthen the agreement.  Under the agreement, Telefónica will fund 500 million of billions of dollars to subscribe to red-chip companies, and Unicom's red-chip company will also fund about 370 million euros to acquire the corresponding stake in Telefónica. In the 9 months after the signing of the agreement, Telefónica will, at a total cost of USD 500 million, be executed in one or more of the prices, times and modes deemed appropriate by Telefónica in the market, and the purchase of a joint ...

Spanish telecom and China Unicom red chip companies to increase their holdings

January 23, China Unicom (600050) holding subsidiary of China United Network Communications (Hong Kong) Co., Ltd. (Unicom Red-chip company) and Telefónica concluded a strategic alliance to strengthen the agreement.  Under the agreement, Telefónica will fund 500 million of billions of dollars to subscribe to red-chip companies, and Unicom's red-chip company will also fund about 370 million euros to acquire the corresponding stake in Telefónica. In the 9 months after the signing of the agreement, Telefónica will, at a total cost of USD 500 million, be executed in one or more of the prices, times and modes deemed appropriate by Telefónica in the market, and the purchase of a joint ...

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