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Telefonica extends partnership with China Unicom February 3, 2009

Posted by aikservices in 3G, China, China Netcom, China Unicom, Telefonica, Wireless.
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Telefonica has signed a new agreement for investing in China, following its acquisition of a stake in China Netcom in 2005. The Spanish operator has agreed to work with China Unicom, which recently merged with China Netcom, on developing mobile and especially 3G services. China Unicom is developing a 3G service based on the WCDMA standard, the same as used by Telefonica. In addition, the agreement covers a wide number of areas of collaboration such as developing innovative services, international business, joint procurement of network equipment, devices and handsets, platforms for innovative and advanced services, and services to corporate customers, among others. Telefonica is the largest private investor in China Unicom, with a 5.38 percent stake. Cesar Alierta, chairman of Telefonica, is a non-executive member of the board of directors of the new China Unicom.

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