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China Unicom refutes purchase of 5 mln iPhones for 10 bln yuan

Posted on: Thu, 13 Aug 2009 10:51:00 EDT

Symbols: AAPL, CHUFF

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BEIJING, Aug 13, 2009 (Xinhua via COMTEX) --
CHUFF | Quote | Chart | News | PowerRating -- China Unicom (0762.HK; CHU.NYSE)
Guangdong Branch made a statement Thursday saying that the report
about China Unicom spending 10 billion yuan buying five million
iPhones from Apple Inc. is untrue.

However a source with China Unicom told the China Securities
Journal reporter that China Unicom and Apple have agreed on the major
issues on introducing iPhone, and they are approaching to reach a
final agreement.

Earlier reports said that the first batch of iPhones of China
Unicom version would be put on the market in September in part of 3G
business outlets of the telecom service operator, but China Unicom
would not adopt the business model of sharing profits with Apple
because the model is hard to be approved by Chinese regulator.

It is learned that in order to learn iPhone operation experiences,
China Unicom has contacted with Taiwan-based Chunghwa Telecom on
issues of 3G mobile phone roaming fee, international submarine cable
and cross-Taiwan strait iPhone mobile phone added value service, and
they signed a MOU on reducing international roaming fee. Edditem

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