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China Unicom (Hong Kong) Limited (CHU)

  • Jan. 13, 2012, 3:23 AM
    Apple (AAPL) aborts retail sales of the iPhone 4S in China after customers queuing overnight in freezing temperatures became aggressive in a botched debut that saw the flagship store fail to open while other stores sold out of the phone in one day. Not quite what China Unicom (CHU) had in mind when it said it planned to aggressively promote the iPhone 4S.
  • Jan. 9, 2012, 12:25 PM
    The Chinese government has approved an iPhone that appears to be built for China Telecom's (CHA) EV-DO 3G network. Thus far, Apple (AAPL) has only been able to officially sell the iPhone in the Middle Kingdom through China Unicom (CHU), though the 4S' inclusion of an EV-DO modem has led to widespread speculation (I, II) that China Telecom would be added as a partner.
  • Jan. 6, 2012, 11:44 AM
    China Unicom (CHU) plans to be aggressive with its iPhone 4S promotions. The carrier, which will begin selling the 4S on Jan. 13, will offer the 32GB model for free with a 3-year contract for a $46/month plan. Nonetheless, the plan could still be out of the price range of many Chinese consumers: Unicom's average revenue per 3G user in 1H '11 was less than $19.
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  • Jan. 4, 2012, 12:23 PM
    In a stroke of good-timing, the iPhone 4S goes on sale in China a mere 10 days before the widely-celebrated Chinese New Year. Still unanswered about the launch: Will China Unicom (CHU -1.1%) hold on to its exclusive status as the only AAPL carrier or will rivals China Mobile (CHL -0.6%) and China Telecom (CHA -1.5%) gain access? Right now, CHL is the market share leader with 70%, compared to 20% for CHU and 10% for CHA.
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  • Dec. 27, 2011, 4:46 PM
    More than 2 months after it made its U.S. debut, the iPhone 4S (AAPL) may be cleared for sale in China. People's Daily reports the 4S has met the requirements set by Chinese regulators, and is expected to be available in early January. One big question is whether China Telecom (CHA) will join China Unicom (CHU) in offering the device. China recently passed the U.S. as the world's largest smartphone market. (earlier)
  • Dec. 27, 2011, 9:32 AM
    China Unicom (CHU) reportedly plans to offer Android phones featuring 4"+ displays and 1GHz. processors from Qualcomm (QCOM) or Taiwan's MediaTek at prices below $237. Unicom is currently the only Chinese carrier authorized to sell the iPhone, which it offers at much higher unsubsidized prices.
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  • Nov. 8, 2011, 9:59 AM
    A report on a Chinese website (translation) claims China Unicom (CHU) will offer the iPhone 4S (AAPL) by year's end, citing the company's President. Unicom, China's second-largest wireless carrier, already carries the iPhone 4, but the timing of the 4S' arrival on its 3G W-CDMA network has been a matter of speculation.
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  • Nov. 2, 2011, 9:00 AM
    Premarket gainers: HGG +15%. MELA +11%. GRMN +10%. MGIC +9%. MA +7%. JDSU +6%. AUO +5%. CHU +5%. EXEL +5%. RENN +5%. RDN +5%. NBG +4%. HAL +4%. AKS +4%. BAC +4%. LNG +4%. PCS +3%. MS +3%. FCX +3%. SIRI +3%. S +3%. C +3%. AA +3%.
    Losers: DMND -16%. OPEN -13%. VG -12%. HGSI -7%. BDX -6%. LYG -5%. CTSH -4%.
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  • Oct. 27, 2011, 10:56 AM
    China Unicom (CHU -2.5%) trades lower after posting a Q3 net profit of $248M, slightly below analyst estimates. Unicom, which claims over 189M wireless subscribers and is currently the only Chinese carrier selling the iPhone (AAPL), says its ARPU rose 9% Y/Y.
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  • Oct. 25, 2011, 1:27 PM
    China Mobile's (CHL) CEO says the carrier has 10M iPhone users on its 2G GSM network, even though rival CHU is the only Chinese carrier authorized to sell the device. He adds Apple (AAPL) has promised to develop an iPhone supporting the TD-LTE 4G standard China Mobile, which currently has over 633M subscribers, intends to adopt.
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  • Sep. 28, 2011, 4:40 PM
    China's IT ministry estimates the country had over 940M mobile subscribers at the end of August, 14% Y/Y. China's 3G base is pegged at 94.1M, up from less than 50M in December. Carriers CHL, CHU, and CHA benefit from overall subscriber growth, while chipmakers QCOM and MRVL gain from 3G adoption in particular. (previously)
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  • Sep. 8, 2011, 1:39 PM
    Quick take on GSMA data: Emerging market carriers such as CHL, CHU, CHA, AMX, and VIV will benefit from global wireless connection growth. Meanwhile, the low market share for CDMA demonstrates the growth opportunities remaining for Qualcomm (QCOM), as GSM users in emerging markets migrate to 3G CDMA networks.
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  • Aug. 24, 2011, 5:57 AM
    China Unicom (CHU): H1 net profit of 2.65B yuan ($415M), more than double consensus of 1.28B. Revenue of 101B (+23% Y/Y) beats by 2B. ARPU rose 9% to 46.8 yen on 3G growth; CHU - the only China operator to offer the iPhone (AAPL) - added 9.9M 3G users in H1 to 25.8M, vs. CHL's 37.6M and CHA's 23.6M. (PR)
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  • Aug. 4, 2011, 8:01 AM
    Gartner sees the number of mobile connections worldwide rising to 7.4B in 2015 from 5B in 2010, with mobile data revenue rising 115% along the way. Mobile data has been driving revenue growth for T, VZ and S, but the largest beneficiaries of these trends will likely be carriers in developing markets, such as CHL, CHU, MBT, and AMX.
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  • Jul. 22, 2011, 3:02 PM
    Wireless Intelligence sees China reaching 1B wireless subscribers by Q2 2012, with a quarter using 3G phones. Still, China's wireless penetration rate will only be 74%, leaving room for carriers China Mobile (CHL), China Unicom (CHU), and China Telecom (CHA) to grow further. MMI, SPRD, AAPL, and QCOM are some tech names poised to benefit.
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  • Jul. 20, 2011, 10:39 AM
    China Mobile (CHL +3.1%) gains on speculation it may offer Apple's (AAPL +2.4%) iPhone as early as September in a market that already saw a large monthly gain in mobile subscribers for June. Total subscriber tally: China Mobile 617M, China Unicom (CHU -1.1%) 182M, China Telecom (CHA -0.5%) 108M.
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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