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China Unicom Cuts Service Fees by 91%

Mon. September 15, 2008; Posted: 06:12 AM
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SHENZHEN, Sep 15, 2008 (SinoCast via COMTEX) -- CHU | Quote | Chart | News | PowerRating -- China Unicom is in high gears marketing its multimedia short messaging service around the country. Its branch in Beijing has cut off the multimedia short messaging service for GSM pre-paid hand users by 91% in terms of some service combos.

The favorable monthly multimedia short messaging service combos are divided into three groups: CNY 5 for 20 pieces, CNY 10 for 60 pieces and CNY 20 for 120 pieces.

Tong Jilu, chief financial officer of China Unicom, says that the capital expenditure of China Unicom for 2008 has been revised up to 53% to CNY 47.25 billion.

The latest financial report of the telecom carrier shows that the GSM network expansion and WCDMA network construction will need more funds. China Unicom will need CNY 100 billion in the coming two years.

Some experts believe that the fare reduction of China Unicom is a good start, which may trigger a new round of fare adjustment in the industry.

From www.enet.com.cn, Page 1, Friday, September 12, 2008 info@SinoCast.Com

For full details on China Unicom Limited ADS (CHU) click here. China Unicom Limited ADS (CHU) has Short Term PowerRatings of 6. Details on China Unicom Limited ADS (CHU) Short Term PowerRatings is available at This Link.

    


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