Unicom Suspected Bribe-Taker in Lucent Scandal
21st Century Business Herald, 12/27/07
To date, none of the almost one thousand Chinese telecommunications executives implicated in the Lucent (now Alcatel-Lucent) bribery case have been investigated by Chinese law-enforcement organs.
Although the US Securities and Exchange Commission has not named the companies involved, internal documents released show that Lucent won a CDMA contract worth USD 428 mln from one company after it paid for trips to the US for its executives. To date, China Unicom (NYSE: CHU; 0762.HK; 600050.SH) is the only one of China's four major operators to use Lucent's CDMA equipment.
Keywords: Lucent Alcatel-Lucent scandal law litigation SEC CDMA China Unicom CHU 0762.HK 600050.SH mobile network equipment wireless
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