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China Unicom

Telefónica commits to maintain their shares in China "forever"

Published on Feb. 29, 2012

Read Telefónica commits to maintain their shares in China "forever"

According to Bloomberg, the Spanish telecommunications operator has announced their compromise to maintain their 3.000 million euros share in China Unicom, the second largest telecommunications company in China.

César Alierta, president of the Spanish company, announced In the Mobile World Congress that is taking place in Barcelona these days their intention of growing up in emerging markets like Latin America and China. Alierta declared, after a meeting with a China Unicom’s chief, that “The compromise with China Unicom is totally stable and we do not have any intention of abandoning it”. Alierta also stated “We consider our agreement as a long term strategic alliance and we will maintain it forever”

After nine consecutive years with huge growths in ...

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