China Unicom


China Unicom and Telefónica strengthen their strategic alliance and agree a new mutual investment

China Unicom will increase its interest in Telefónica's share capital to 1.37%?while Telefónica will increase its interest in China Unicom's share capital to around 9.7%, assuming current share prices


China Unicom and Telefónica enter into a broad strategic alliance and a mutual investment agreement

The deal reinforces both operators' leadership positions, giving them a combined 550 million customers, nearly 10% of the global population