.contact us |.about us
News > Business News ...
Search:
    Advertisement
Unicom JV with S. Korea passed
( 2003-11-24 09:41) (Shanghai Daily)

The Ministry of Information Industry approved a joint venture between China United Telecommunications Corp and SK Telecom Co, South Korea's largest mobile phone operator, Beijing Youth Daily said yesterday.

The joint venture, with a registered capital of US$6 million, will help China Unicom to provide faster Internet access than current technology allows and more contents for Unicom's subscribers of its code-division multiple access network, or CDMA, the newspaper said.

The joint venture was actually agreed by the two firms in March, with China Unicom retaining a 51 percent stake and SK Telecom holding the balance.

Foreign firms are not allowed to provide mobile telecom services until 2006, under China's World Trade Organization commitment.

China Unicom is the country's second largest mobile phone firm and only CDMA operator with 14.65 million users.

 
Close  
   
  Today's Top News   Top Business News
   
+China to "pay any price" for national unity
( 2003-11-23)
+Poll sets records for turnout, votes
( 2003-11-24)
+Georgians party as president resigns
( 2003-11-24)
+Hyper-inflation unlikely in near future
( 2003-11-23)
+Clinical test of SARS vaccine set for year-end
( 2003-11-23)
+Unicom JV with S. Korea passed
( 2003-11-24)
+China first, then India and South Korea: IBM's Asian strategy
( 2003-11-24)
+Gorges providing power
( 2003-11-24)
+Bond issuance to continue
( 2003-11-24)
+Liberty Mutual moving to Chongqing
( 2003-11-24)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
  Related Articles  
     
 

+China Unicom to buy 9 GSM networks for HK$3.2b
2003-11-21

+China Unicom faces new threats to network target
2003-10-17

+China Unicom eyes CDMA-GSM link
2003-09-17

+Unicom: CDMA revenues to surpass costs
2003-09-02

+Accounting at China Unicom triggers concern
2003-09-01

+Unicom's 12% income rise lags forecasts
2003-08-29

+Unicom pushes fresh services to compete
2003-07-23

+Unicom's bond plan unchanged
2003-07-15

 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved