Unicom to Sell 10,000 CDMA Base Stations to Telecom
Oriental Morning Post, 6/25/08
Zhao Yilei, a representative in the Securities Office of Shanghai-listed China United Telecommunications Corp Ltd (NYSE: CHU; 0762.HK; 600050.SH) claims that China Unicom has 80,000 dual-use GSM and CDMA base stations, and will transfer 30,000 of those base stations built mainly to serve its CDMA network to China Telecom (NYSE: CHA; 0728.HK). The company will also sell another 10,000 base stations to China Telecom. The sales price for these assets is RMB 4.5 bln and is covered in the general transfer agreement.
Keywords: Zhao Yilei China United Telecommunications Corp. Ltd. restructuring 0728.HK 0762.HK 600050.SH CDMA CHA China Telecom China Unicom CHU GSM wireless base station
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