China Mobile outstrips Unicom; SKT confirms Unicom investment desire

20 Jun 2006

China Mobile has revealed that it ended May 2005 with 269.3 million customers, representing a monthly increase of 4.4 million. China Unicom’s wireless subscriber base rose by 1.2 million to 133.9 million during the month of May.

In separate but related news, SK Telecom has confirmed recent rumours linking it with the purchase of a stake in China Unicom. A spokesperson for the South Korean cellco said: ‘It is true we are looking to invest in Unicom, but the timing and the method of investment has not yet been determined.’

China, South Korea, China Mobile, China Unicom, SK Telecom (SKT)