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China Unicom’s parent analyzes mixed ownership structure

  • State-owned telecoms operator China Unicom said its main shareholder China United Network Communications was reviewing the firm’s ownership structure as part of a government plan to boost private investments in the telecoms sector, Chinese press reported.
  • China Unicom will be among the first group of state-run enterprises expected to introduce private shareholders in a pilot scheme of ownership reform.
  • China United Network Communications will be used as a platform for the mixed ownership reform, China Unicom said in a filing to the Hong Kong stock exchange.
  • China Unicom ended February with 265.6 million subscribers in the mobile segment after a new addition of 536,000 subscribers during the month.
  • In the 4G LTE segment, China Unicom had a total of 116.1 million subscribers at the end of February.

The Chinese government looks to increase private investments in the telecoms sector to improve competition.

@craigbrownphd: China Unicom’s parent analyzes mixed ownership structure: The Chinese government looks to… …

State-owned telecoms operator China Unicom said its main shareholder China United Network Communications was reviewing the firm’s ownership structure as part of a government plan to boost private investments in the telecoms sector, Chinese press reported.

The country’s largest telecommunication firms – China Unicom, China Telecom and China Mobile are all controlled by state-owned enterprises (SOE).

China Unicom will be among the first group of state-run enterprises expected to introduce private shareholders in a pilot scheme of ownership reform. China Unicom is one of six SOEs that were picked in September last year for a mixed-ownership pilot program. The other five are China Southern Power Grid Co., Harbin Electric Corp., China Nuclear Engineering Group Corp., China Eastern Air Holding Co. and China State Shipbuilding Corp.

China United Network Communications will be used as a platform for the mixed ownership reform, China Unicom said in a filing to the Hong Kong stock exchange.

“As the related plan for these matters is still under further deliberation, these matters are still subject to substantial uncertainty,” China Unicom said.

China United Network currently owns a 75.94% stake in China Unicom.

China Unicom ended February with 265.6 million subscribers in the mobile segment after a new addition of 536,000 subscribers during the month.

In the 4G LTE segment, China Unicom had a total of 116.1 million subscribers at the end of February.

The telco also ended the month with 72.2 million subscribers in the fixed broadband segment and 65.3 million customers in the fixed telephony segment.

China Unicom launched LTE services in March 2014, and currently uses spectrum in the 1800 MHz, 2.3 GHz and 2.5 GHz bands to support services.

China Unicom’s parent analyzes mixed ownership structure

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