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China Unicom (Hong Kong) Limited (CHU)

  • Dec. 28, 2012, 1:24 PM
    China's telecom ministry says it will "earnestly complete the preparatory work for [4G] LTE frequency distribution and license-granting" in 2013. Does that mean 4G licenses will be issued at least on the early side of the 2014-2015 timeframe government officials have suggested? China Mobile (CHL), which is building a huge 4G trial network, must hope so. So must base station supplier Alcatel-Lucent and 4G baseband chipmakers Qualcomm and Sequans.
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  • Dec. 26, 2012, 5:52 PM
    Just days after China Mobile began selling Nokia's (NOK) Lumia 920T, a leaked pricing chart suggests rival China Unicom (CHU) will soon begin offering the regular Lumia 920. According to the chart, the 920 will cost CNY4,599 ($738) unsubsidized, but will be available for free in exchange for a 3-year contract for a plan costing $46/month or more, or a 2-year contract for a plan costing $62/month or more - for reference, Unicom's 3G services ARPU only amounted to $14.25 in Q3.
  • Dec. 19, 2012, 5:56 PM
    China Unicom (CHU) added 3.25M users to its 3G network in November, increasing its total to over 73M. That's roughly even with the 3.2M added in October, and likely a sign of further 3G share gains. The fact CHU is the only Chinese carrier to use the widely-adopted W-CDMA 3G standard gives it an edge in phone selection. CHU has said it expects to sell 140M 3G phones next year - those sales benefit Qualcomm, which collects royalties on them (unlike with 2G-only phones). Bigger rival China Mobile (CHL) expects to sell 100M+ TD-SCDMA 3G phones in 2013.
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  • Dec. 16, 2012, 9:23 PM
    Over 2M iPhone 5 units have been sold thus far in China, Apple (AAPL) boasts. China Unicom's (CHU) healthy pre-order activity probably had a lot to do with this figure. Sparse crowds for the Friday launch stoked fears initial sales were light, but weather and pre-ordering requirements seem to have played a role. For reference, Apple announced in September over 5M iPhone 5 units had been sold 3 days after the device went on sale in the U.S., Japan, and 7 other locales. (PR)
  • Dec. 11, 2012, 11:05 AM
    Apple (AAPL +3.1%) has bounced to $546 with the help of positive analyst commentary. While Morgan Stanley talks up potential iTV interest, JPMorgan is raising its forecast for Q4 AT&T (T) iPhone activations to 8M from 7M. Also, ISI's Brian Marshall is expecting a strong Chinese iPhone 5 launch - China Unicom (CHU) just announced its pre-orders have topped 300K. (Apple Monitor)
  • Dec. 7, 2012, 4:09 PM
    Days after Nokia (NOK) announced China Mobile would sell two Windows Phone 8 models, Microsoft (MSFT) has announced a Windows Phone partnership with China Unicom (CHU). Analysts estimate WP accounted for only 3% of the Chinese smartphone market in Q3, ahead of the WP8 launches. Separately, Microsoft says it's launching 14 innovation centers in India this week to create a larger base of technical workers familiar with its software, and wants to launch 100 in the country over the next 2 years.
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  • Dec. 7, 2012, 11:24 AM
    Some Asian Apple (AAPL -1.8%) news: 1) The iPad Mini has launched to sparse crowds in China. The regular iPad controlled 71% of the Chinese tablet market in Q3, according to Analysys. 2) China Unicom (CHU) took over 200K iPhone 5 pre-orders in its first 2 days of availability. Unicom is fully subsidizing the phone to those who make a $947 deposit. 3) NTT DoCoMo (DCM) is facing more pressure to strike an iPhone deal (previous): the top Japanese carrier lost 40.8K subs in November to rivals SoftBank and KDDI. Apple's Japanese sales rose 113% Y/Y in FQ4.
  • Dec. 6, 2012, 2:52 PM
    More on Apple: 1) China Mobile's (CHL) CEO suggests his company's lack of an iPhone deal has to do with deal terms rather than its TD-SCDMA 3G network. 2) IDC claims Apple's Chinese smartphone rank fell to #6 in Q3. Samsung was first, followed by fast-growing local Android OEMs Lenovo and Coolpad. The iPhone 5 launches in China on Dec. 14. 3) As Tim Cook declares some iMacs are being made in the U.S., Foxconn says it will expand its North American production.
  • Nov. 30, 2012, 8:57 AM
    Apple (AAPL) announces the iPhone 5 will go on sale in China on Dec. 14, and the iPad Mini and 4th-gen regular iPad on Dec. 7. That gives Apple a little over 2 and 3 weeks, respectively, to rack up (authorized) Chinese sales of the devices in FQ1. The iPhone 5 launch was widely expected, given regulatory approval and China Telecom's (CHA)  pre-orders. Separately, Apple has begun selling the iPhone 5 unlocked in the U.S. at prices ranging from $649-$849. (PR)
  • Nov. 29, 2012, 8:29 AM
    Apple (AAPL) roundup: 1) The iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) networks have received the final clearances needed from Chinese regulators. CHA has already begun taking pre-orders. 2) A Dutch court has ruled some older Samsung hardware infringes Apple's rubber-banding patent, recently invalidated by the USPTO. 3) The delayed iTunes 11 might finally arrive today. 4) With the completion of its new spaceship-like Cupertino HQ pushed back to 2016, Apple is building a new campus in nearby Santa Clara.
  • Nov. 20, 2012, 3:03 PM
    China's big-3 mobile carriers added 11.2M new subscribers in October, and put 9.9M more subs on their 3G networks. China Mobile (CHL -1.4%) respectively added 5M and 3.7M new and 3G subs, China Unicom (CHU -2.1%) 3.4M and 3.2M, and China Telecom (CHA -2.4%) 2.9M and 3M. In spite of the increases, only 19% of China's 1.09B subs were on a 3G network at month's end, leaving plenty of growth for Qualcomm (previous), Marvell, Spreadtrum, Apple, and others. (chart)
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  • Nov. 9, 2012, 12:09 PM
    China Telecom (CHA) says it plans to begin selling the iPhone 5 (AAPL +2.2%) in late November or early December, a little earlier than expected. During Apple's FQ4 call, Tim Cook would only say Apple expects a December Chinese launch. China Unicom's (CHU) chairman is more cautious in setting a timetable. Meanwhile, RBC is predicting Apple will finally reach a deal with China Mobile (CHL) in 2013, perhaps even before the Chinese New Year - the iPhone 5 doesn't support CHL's TD-SCDMA 3G network. (previous)
  • Oct. 31, 2012, 11:04 AM
    Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big management shakeup (I, II), shares have fallen below the $600 threshold today. Scott Forstall had plenty of critics, but he also earned a lot of respect on account of iOS' success over the last 5 years. Today's decline comes as Chinese regulators give their approval to iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) 3G networks.
  • Oct. 22, 2012, 11:47 AM
    China Mobile (CHL +2.7%) is rallying after posting its Q3 report, and is giving rival China Unicom (CHU +1.9%) a lift along the way. A ~9M Q/Q 3G subscriber increase is going over well, as is the company's claims that its declining ARPU is stabilizing due to rising mobile data traffic. Citi is reiterating a Buy, touting CHL's 3G growth, 4% yield, and budding 4G network (still in trial stage), but expects margins to remain pressured in Q4.
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  • Sep. 26, 2012, 11:25 AM
    Chinese regulators have approved iPhone 5 (AAPL) models that can be used on China Unicom (CHU) and China Telecom's (CHA) 3G networks, a move that should allow Unicom to begin offering the phone by December. China Mobile (CHL), the world's largest carrier, remains the odd man out. Apple has reportedly promised to support the carrier's 4G TD-LTE network, but it might not receive commercial clearance for some time.
  • Sep. 14, 2012, 11:58 AM
    China Unicom (CHU +1%) says it will launch the iPhone 5 within the next 3 months, provided regulators give the go-ahead. CHU, one of two Chinese carriers to sell the iPhone, had to wait until January 13 to sell the iPhone 4S. Apple's (AAPL) international release schedule for the iPhone 5 appears to be more aggressive than it was for prior models.
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Company Description
China Unicom (Hong Kong) Ltd though its subsidiaries, provides cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, ICT services, and business and data communications services in the PRC.
Sector: Technology
Country: China