Telefonica aims to raise its stake in China Unicom

9 Feb 2010

Telefonica wants to raise its stake in China Unicom (Hong Kong) above its current holding of 8.37%, Telefonica Chairman Cesar Alierta said, according to Spain’s Expansion newspaper. ‘We will do it little by little as we already know each other, trust each other, and that opens new possibilities,’ Alierta was quoted as saying. In the El Pais newspaper, the Telefonica chairman was also quoted as saying that synergies with Telecom Italia were working out very well, and that ‘we are satisfied with the current situation.’

China, China Unicom, Telefonica