China Unicom, Telefonica Complete Investment In Each Other
October 21 2009 - 8:38PM
Dow Jones News
China Unicom (Hong Kong) Ltd. (0762.HK) said Wednesday it and
Telefonica SA (TEF) have completed their planned investment of US$1
billion in each other.
Telefonica has raised its stake in China Unicom to 8.06% from
5.38% and China Unicom has acquired a stake of 0.87% in Telefonica,
the Chinese telecommunications operator said in a statement.
-By Joyce Li, Dow Jones Newswires; 852-2802-7002;
joyce.li@dowjones.com
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