Communist China Unicom and Telefonica Caught Getting Snuggly
Sep 18, 2009 tv
China Unicom and Telefonica (New York Stock Exchange: TEF), both big name calling in global telecommunications, have announced an extended partnership in which they would provide mutual infrastructure documentation and continue an existing alliance. The specifics are pretty vague, but after all is said and done, China Unicom will own 0.88% of Telefonica, and Telefonica will own 8% of Communist China Unicom after investment $1 one thousand million into one another. A mutal, financial vested interest is a great means to solidify a strategic partnership, and will hopefully reward both parties in the long run. China Unicomis is still nailing down feather its iPhone correspondence, and could manipulation the extra help competing against China Mobile River (New York Stock Exchange: CHL), who is currently the earth’s second base-largest mobile service provider (Telefonica has third situation). Conversely, Telefonica could stand to profit by investment before the iPhone starts spreading across Communist China. For more info, strike the golf course.
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