China Unicom to invest RMB 40 bln in Shandong province
Published: 28 Sep 2009 19:00:56 PST
Sep. 29, 2009 (China Knowledge) - China Unicom (Hong Kong) Ltd<600050><0762><CHU>, the country's second largest telecom operator, has signed strategic cooperation framework agreement with the provincial government of Shandong to invest RMB 40 billion in the province over the next five years, the official Xinhua News Agency reported on Friday. Under the agreement, the two sides will work together to speed up the construction of information industry infrastructure in the province over the next five years. China Unicom will also help the provincial government to build up its government information system. China Unicom's net profit dropped 42.1% year on year to RMB 6.62 billion in the first half of this year due to the company's restructuring and fierce competition. The carrier added 127,000 GSM cellular service users in August, bringing the total to 807,000 at the end of last month. Copyright © 2009 www.chinaknowledge.com |
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