Credit Suisse Group, a leading global financial services
provider, said in its August 14 research report that China Unicom
is likely to sell its CDMA network to China Telecom at a price of
US$14.6 billion.
Credit Suisse also says that senior managers from China Unicom
and China Telecom have been negotiating but they have not reached
an agreement concerning price. Most investment banks valued the
CDMA network at 60 billion yuan, or about US$8 billion. The CDMA
network has realized overall profits for the first time causing
Credit Suisse experts to consider a revaluation of the CDMA
network's subscriber resources.
Neither China Unicom nor China Telecom has responded to Credit
Suisse's comment.?
For more details, please read the full story in Chinese. (http://finance.jinghua.cn/c/200708/17/n542357.shtml)
(China.org.cn August 17 2007)
