July 10, 2014 3:44 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: 50
Vice Chairman
Age: 58
Chief Accountant
Age: 50
Head of Disciplinary Inspection Team of Party Leadership Group
Age: 60
Vice President and Deputy General Manager
Age: 58
Compensation as of Fiscal Year 2014.

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

China United Network Communications Corporation Limited Launches the Issue of the Second Tranche of Promissory Note for the Year 2014

China United Network Communications Corporation Limited (CUCL), a subsidiary of China Unicom (Hong Kong) Limited, will launch the issue of the second tranche of promissory note for the year 2014 of an amount of RMB 5 billion on 10 July 2014. CUCL will launch the issue of the second tranche of promissory note for the year 2014 on 10 July 2014. The issue will be completed on 14 July 2014. The final coupon rate will be announced separately upon completion of the issue.

China United Network Communications Group Co., Ltd. Approves Unicom Parent to Conduct the TD-LTE/LTE FDD Hybrid Network Trial In 16 Cities

On 27 June 2014, China Unicom (Hong Kong) Limited was notified by its ultimate parent company, China United Network Communications Group Company Limited, that, on 27 June 2014, the Ministry of Industry and Information Technology of the People's Republic of China (MIIT) has approved Unicom Parent to conduct the TD-LTE/LTE FDD hybrid network trial in 16 cities including Shanghai, Guangzhou, Shenzhen, Chongqing, Zhengzhou, Wuhan, Chengdu, Xi'an, Changsha, Jinan, Hangzhou, Shenyang, Harbin, Fuzhou, Nanjing and Shijiazhuang. China United Network Communications Corporation Limited, a wholly-owned subsidiary of the Company, will be responsible for the hybrid network trial. The LTE hybrid network trial will be conducive to better development of the Company's mobile broadband business. The Company will comply with the requirements imposed by MIIT and proactively plan and conduct the LTE hybrid network trial in order to provide its users with mobile broadband data services with a higher speed and better experience.

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.

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