Telefonica Boosts Stake In China Unicom To 9.01% From 8.99%
June 15 2011 - 7:22AM
Dow Jones News
Spain's Telefonica SA (TEF) has raised its stake in China's
second largest mobile operator China Unicom (Hong Kong) Ltd.
(0762.HK) to 9.01% from 8.99%, according to a disclosure filed to
the Hong Kong stock exchange Wednesday.
On June 10, Spain's No. 1 telecommunications firm by market
value bought 3.84 million China Unicom shares at an average price
of HK$15.95 each, the statement said.
China Unicom closed 1.5% higher at HK$16.62 Wednesday.
-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002;
joanne.chiu@dowjones.com
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