China Unicom profits to fall by more than half
Public PolicyChina Unicom profits to fall by more than halfChina Unicom profits to fall by more than half
China Unicom has announced that its full year profits for 2010 are likely to be less than half what the company reported for 2009. The news came days after it was revealed that the Chinese carrier is to deepen its equity relationship with Telefónica, with the Spanish incumbent investing €500m to take its stake in Unicom to 9.7 per cent.
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