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China Unicom Ltd - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
China Unicom Ltd, the flagship subsidiary of China United Telecommunications Corporation (China Unicom Group), was incorporated in 2000 in Hong Kong. Its principal business activities are the provision of cellular (both GSM and CDMA), international and domestic long-distance, data, and Internet services in the People's Republic of China. China Unicom's parent company, China Unicom Group, was formed in July 1994 and arose from rivalry between the former Ministry of Posts and Telecommunications (MPT), which operated China Telecom, the Ministry of Electronic Industries (MEI), and the Railways and Electric Power Industries. The rail and electric power industries wanted to decrease their dependency on the MPT so they developed their own private communications networks. This rivalry, coupled with the initiative of the three ministries - the MEI, the Ministry of Railways, and the Ministry of Electric Power Industries - and the low telephone density in China, led to reforms and the creation of China Unicom. China Unicom Group is predominantly owned by the Chinese government. The immediate holding company of China Unicom Ltd is China Unicom (BVI) Ltd, which in turn is owned by China Unicom Group. China Unicom (BVI) Ltd owned 76.59% of China Unicom Ltd as of May 31, 2007. The remaining shares of China Unicom Ltd were owned by overseas public shareholders. (See Corporate Structure for a detailed overview of the structure of China Unicom Group.)
This Company Intelligence Report was produced as part of
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