Netcom and Unicom complete merger

15 Oct 2008

The merger of China Netcom and China Unicom has been completed today, with the resultant new company, China Unicom (Hong Kong) Limited, established. China Netcom was delisted from the Hong Kong and US bourses with immediate effect. The new company will integrate the wireless and fixed line services of the two firms to become a full service provider; it has pledged to accelerate the construction of a 3G mobile network and will champion the uptake of fixed line broadband services.

China United Telecommunications Corporation, parent company of China Unicom, is reported to have completed the sale of its CDMA network to China Telecom, with around 20,000 employees transferred to the purchaser.

China, China Netcom, China Unicom