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Article: China Mobile to provide $7.3 bln of funding to China Unicom.
- Article from:
- China Business News
- Article date:
- September 25, 2008
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China Mobile to provide $7.3 bln of funding to China Unicom
Shanghai. September 25. INTERFAX-CHINA - China Mobile Communications Corp. (China Mobile) has been instructed by the government to provide RMB 50 billion ($7.33 billion) of funding to China United Telecommunications Corp. (China Unicom), Chinese media reported on Sept.
25.
The order was made by China's State-owned Assets Supervision and Administration Commission (SASAC) and does not affect China Mobile's Hong Kong-listed arm, Sina said, citing a China Mobile spokesperson.
The amount includes money owed to China Unicom by China Telecommunications Corp. (China Telecom), which ...