“Market Cap $31.58 B As of May 2014 At a Glance
- Industry: Telecommunications services
- Founded: 1994
- Country: Hong Kong
- CEO: Xiaobing Chang
- Website: www.chinaunicom.com.hk
- Employees: 222,530
- Sales: $48 B
- Headquarters: Hong Kong
Forbes Lists #193 Global 2000
- #175 in Sales
- #402 in Profit
- #286 in Assets
- #338 in Market value
China Unicom (Hong Kong) Ltd. is an investment holding company. The company through its subsidiaries engages in the provision of cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, information communications technology services, and business and data communications services. The company operates through: Mobile and Fixed-Line segments. The Mobile segment provides global system for mobile communications, and wideband code division multiple access cellular and related services. The Fixed-Line segment offers fixed-line telecommunications and related services, domestic and international data and internet related services, and domestic and international long distance and related services. China Unicom (Hong Kong) was founded on February 8, 2000 and is headquartered in Hong Kong.“
“China Unicom History
On 12 December, Mr. Lu Yimin, Executive Director and President of the Company, won the award of “CCTV China Economic Leaders of Year 2013”.
On 4 December, MIIT issued TD-LTE license to China United Network Communications Group Company Limited, the ultimate parent company of the Company.
On 18-21 October, Cooperation agreements with 14 enterprises on mobile service resale trial were signed.
On 30 June, The Company’s 3G subscribers exceeded 100 million.
On 10 June, China Unicom Group reached an agreement with Telefónica Internacional, S.A.U. to purchase 1.07billion shares in China Unicom (Hong Kong) Limited held by the latter through the former’s wholly-owned overseas subsidiary.
On 23 January, The Company and Telefónica entered into an agreement to enhance their strategic alliance. Both parties would further increase their mutual shareholdings.
On 18 October, the Company successfully issued USD1.839 billion convertible bonds.
On 28 September, the Company celebrated the first anniversary of 3G commercial launch. 3G users exceeded 10 million.
On 8 July, the Company held the celebratory events to celebrate the tenth anniversary of listing on the New York Stock Exchange and the Stock Exchange of Hong Kong.
On 6 September, the Company and Telefónica entered into a broad strategic alliance and a mutual investment agreement.
On 7 January, China United Network Communications Corporation Limited, a wholly-owned subsidiary of the Company, was granted approval to operate 3G digital cell business with WCDMA technology nationwide in China.”
*Information from Forbes.com and Chinaunicom.com.hk **Video published on YouTube by “firecracker888“