China Unicom Buys China Netcom In $56.3 Billion Stock-Swap; China Telecom Buys Unicom CDMA Unit
Jun 2, 2008 6:34 AM
China’s restructuring of its telecoms industry gets underway. AP reports that mobile network China Unicom is acquiring fixed-line China Netcom in a stock swap valued at $56.3 billion, based on Unicom’s stock last traded price. China Unicom expects the purcahse to close by year’s end. China Telecom, meanwhile, the country’s…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Countries, Asia, China, china netcom, china unicom
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