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China Unicom aims to acquire 1 mln new 3G users a month, president
BEIJING, Nov 03, 2009 (Xinhua via COMTEX) --
China Unicom (0762.HK; CHU.NYSE)
aims to acquire one million new subscribers of the 3G WCDMA business
per month, said Chang Xiaobing, chairman and chief executive officer
of the telecom operator, on Tuesday after the firm's extraordinary
general meeting (EGM).
The EGM approved the buyback of about 899.7 million China
Unicom shares from SK Telecom, a telecom operator of Republic of
Korea (South Korea).
Lu Yimin, president of China Unicom, revealed that customers
welcome Unicom-branded iPhone handsets, and there are over five
thousand iPhone subscribers in China. He also rebutted the saying
that iPhone is too expensive, and said the current contracts of 5,999
yuan to 7,999 yuan involve two years' services, which means the
actual handset prices are under 3,999 yuan, and Chinese mainland's
customers are simply not used to contract sales.
Each business segment of China Unicom showed stable
development in 2009. The fixed-phone communications business
increased steadily, the fixed-line broadband business maintained a
double-digit growth, the 2G mobile communications business acquired
more market share, and the development of the 3G business was in
accord with the carrier's expectation, said Chang. But the firm needs
to count 3G network construction in depreciation expenses in the
final quarter, and the expenditure on marketing and advertising will
increase.
By the end of October, China Unicom's 3G business is on
commercial operation in 285 Chinese cities, and the firm has
developed over one million 3G users.
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