China Unicom to Add 25 Mln WCDMA Users in 2011

Sina Tech, 3/30/11

At a press conference for China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) annual earnings report in Hong Kong, GM Lu Yimin said that this year China Unicom planned to add 25 mln 3G subscribers, and substantially increase its handset subsidies to approximately 30% of revenue.

As of the end of 2010, China Unicom had 14.06 mln 3G subscribers.

Editor's Note: A previous rumor attributed in January to a source in Unicom's marketing department had said that the operator planned to add 50 mln new 3G subscribers in 2011. For more background on this topic, please see "Rumor: China Unicom to Add 50 Mln 3G Users in 2011," MD 1/17/11 issue.

Keywords: Lu Yimin China Unicom wireless 3G WCDMA 0762.HK 600050.SH CHU subsidy mobile subscribers forecast

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