Last $16.66 USD
Change Today -0.04 / -0.24%
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As of 12:31 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

china unicom hong kong-adr (CHU) Key Developments

China Unicom, China Mobile and China Telecom Sign an Agreement to Establish China Communications Facilities Services Corporation

China Unicom, China Mobile and China Telecom have signed an agreement to establish China Communications Facilities Services Corporation, a joint venture to share their mobile tower infrastructure. The shareholding structure of China Communications Facilities Services includes China Mobile with 4 billion shares and a stake of 40%, China Unicom with 3.01 billion shares (30.1% stake) and China Telecom with 2.99 billion shares (29.9% stake). The venture's business scope includes construction, maintenance and operation of telecommunications towers; construction, maintenance and operation of ancillary facilities including base station control rooms, power supplies, air conditioning and interior distribution system; and provision of outsourcing services for base station equipment maintenance.

China Unicom (Hong Kong) Limited to Report June,2014 Operating Results on Jul 18, 2014

China Unicom (Hong Kong) Limited announced that they will report June, 2014 operating results on Jul 18, 2014

China Unicom Builds Communication Hinge Building in Hong Kong

China Unicom laid a foundation stone for communication hinge building in Hong Kong with a total investment of CNY 3 billion, expected to be complete in the first half of 2016, believed to improve network service of the company, consolidate its leading status as global communication solutions provider and take further step in globalization. The project will create 200 jobs in IT and telecom fields, improving research and development of telecom products and consolidate the status of Hong Kong as information hinge in Asia Pacific. The building is situated in Tseung Kwan O, covering 1.5 hectares, with totals floor area reaching 4.1 hectares, accommodating more than 3,000 equipment cabinets.

Telefonica, China Unicom and Tsinghua Holdings Technology and Innovation Form an Open Innovation Partnership

Telefonica, China Unicom and Tsinghua Holdings Technology and Innovation signed a joint-agreement in Beijing to promote a global hub of open innovation, pooling together their innovation tools and resources. This agreement will help to support cutting-edge thinking around the globe, giving the parties unique channels to access new technologies, fresh business models and skilled talent in different countries. Prior to this agreement, Telefonica and China Unicom had already formed a strategic alliance, covering wide areas of cooperation. Separately, an alliance was established in February 2014 between Wayra, Telefonica's international start-up accelerator, and Virtue Inno Valley, backed by the renowned Tsinghua University. The cooperation between Wayra and Virtue Inno Valley has been instrumental in creating a link between entrepreneurial communities across China, Latin America and Europe enabling the free flow of ideas and strong cooperation between start-ups in these regions. Now, Telefonica, China Unicom and THTI have decided to build on that successful model of cooperation and establish an expanded alliance that not only covers start-up incubation and acceleration, but also integrates the other innovation resources and tools of the three parties. By joining this partnership, the parties agree to collaborate and share relevant information on entrepreneurial projects, incubators, workplaces, expertise, mentoring programs, training, media, demo days, financial and commercial resources, market access as well as investment opportunities.

China Unicom (Hong Kong) Limited Presents at J.P. Morgan Global China Summit 2014, Jun-10-2014

China Unicom (Hong Kong) Limited Presents at J.P. Morgan Global China Summit 2014, Jun-10-2014 . Venue: Grand Hyatt Hotel, Beijing, China.

 

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Baidu Inc $222.15 USD +17.88
China United Network Communications Ltd CNY3.49 CNY +0.11
Hutchison Whampoa Ltd $104.90 HKD +1.50
Nokia OYJ €6.11 EUR -0.025
ZTE Corp CNY13.51 CNY +0.15
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CHU

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Valuation CHU Industry Range
Price/Earnings 21.7x
Price/Sales 0.8x
Price/Book 1.1x
Price/Cash Flow 3.0x
TEV/Sales 0.3x
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