April 23, 2014 1:03 PM ET

Diversified Telecommunication Services

Company Overview of China United Network Communications Group Co., Ltd.

Company Overview

China United Network Communications Group Co., Ltd., through its subsidiaries, provides broadband communications and information services in China and internationally. It offers fixed and mobile communications services; domestic and international fixed telephony networks and facilities, including, wireless local loops; fixed voice, data, image, and multimedia communications and information services; value-added telecom services; IP telephony services; satellite IPLC services; network access services; system integration services related to communications and information services; and other services approved by the government. The company also provides personal and residential services, such a...

No. 21 Financial Street

Xicheng District

Beijing,  100140

China

Founded in 1994

Phone:

86 10 10010

Fax:

86 10 6611 0009

Key Executives for China United Network Communications Group Co., Ltd.

Vice Chairman
Age: 49
Vice Chairman
Age: 57
Chief Accountant
Age: 49
Head of Disciplinary Inspection Team of Party Leadership Group
Age: 59
Vice President and Deputy General Manager
Age: 57
Compensation as of Fiscal Year 2013.

China United Network Communications Group Co., Ltd. Key Developments

China United Network Communications Group Co., Ltd. and China United Network Communications Limited Enter into Capital Contribution Agreement to Establish China Unicom Finance Ltd JV Company

The Board announced that on 6 December 2013, China United Network Communications Group Co., Ltd. and China United Network Communications Limited entered into the Capital Contribution Agreement regarding the establishment of China Unicom Finance Ltd. JV Company for the purposes of providing various financial services to the group. Pursuant to the Capital Contribution Agreement, the registered capital of the JV Company will be RMB 3,000 million, and CUCL and Unicom Group agree to invest RMB 2,730 million and RMB 270 million in the JV company, which represent 91% and 9% of the total registered capital of the JV Company, respectively.

Ministry of Industry and Information Technology of the People's Republic of China Grants Approval for China United Network Communications Group Company Limited to Operate LTE/4G Digital Cellular Mobile Service Nationwide in China

China Unicom (Hong Kong) Limited was notified by its ultimate parent company, China United Network Communications Group Company Limited, that Unicom Parent has been granted the license to operate LTE/4G digital cellular mobile service (TD-LTE) by the Ministry of Industry and Information Technology of the People's Republic of China ('MIIT') on December 4, 2013. MIIT has also granted approval for Unicom Parent to license China United Network Communications Corporation Limited, a wholly-owned subsidiary of the company, to operate LTE/4G digital cellular mobile service (TD-LTE) nationwide in China. Meanwhile, the company will continue to proactively apply for the launch of LTE FDD technology test run. It aims to leverage on the 3G network in order to provide users with mobile broadband data services with a higher speed.

China United Network Communications Corporation Limited Completes Issue of Third Tranche of Super & Short-Term Commercial Paper for the Year 2013

China United Network Communications Corporation Limited has completed the issue of the third tranche of super & short-term commercial paper for the year 2013 of an amount of RMB 10 billion on 12 October 2013, with a maturity period of 180 days and at an interest rate of 4.68% per annum. Interests will accrue from 12 October 2013.

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