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Article Excerpt
Telefonica, Europe's leading carrier by market cap, will increase its interest in China Unicom to above 8%, while China Unicom will become a Telefonica shareholder with an approximately 0.88% stake
-- The deal reinforces both operators' leadership positions, giving them a combined 550 million customers, nearly 10% of the global population
China Unicom and Telefonica have entered into a strategic alliance agreement pursuant to which the parties agreed that they would cooperate in various business areas such as the joint acquisition of infrastructure and equipment for customers, the joint development of wireless service platforms, the joint provision of services to multinational enterprises, roaming, R&D, the sharing of best practices and...
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