Sk Telecom

Mobile deal lifts China Telecom

China Telecom, the world's largest fixed-line network operator, saw its share price climb to the highest in three months yesterday, on news that it plans to pay more than 120 billion yuan (HK$147.10 billion) to acquire the mobile infrastructure of its parent company.

Wednesday, 15 August, 2012, 10:58pm

China Mobile enters gaming pact

China Mobile and South Korea's SK Telecom, the largest wireless network operators in their markets, have agreed to collaborate on mobile gaming content for the mainland.

The initiative is to be undertaken by China Mobile's unit in Jiangsu, one of the country's most prosperous provinces, based on a memorandum of understanding (MOU) signed by the operators last Friday.

11 Apr 2011 - 12:00am

SK Telecom cleared for 114.2m yuan purchase of E-eye High Tech

Mobile-telephone services giant SK Telecom has entered the mainland's growing market for satellite-based navigation products and services with the acquisition of Shenzhen E-eye High Tech.

16 Feb 2008 - 12:00am

Bigger tax rebate helps Unicom double profit

China Unicom, the smaller of the nation's two mobile phone operators, said last year's net profit more than doubled due to an increase in its tax rebate and a smaller accounting loss from a fair value adjustment on convertible notes issued to SK Telecom.

31 Jan 2008 - 12:00am

Target prices up for mobile firms

Shares in mainland operators surge as long-awaited restructuring nears

Mainland mobile-telephone operators, whose shares have surged in the past month on rumours that a long-awaited restructuring will go ahead as early as next summer, have had their price targets raised by leading banks and brokerages.

9 Oct 2007 - 12:00am

Unicom cost cuts pay off with underlying profit rising 34pc

China Unicom, the smaller of the country's two mobile operators, beat expectations with a 34 per cent gain in underlying first-half profit on various cost-control measures.

Profit before one-time items rose to 3.77 billion yuan as revenue grew 5.1 per cent to 49.1 billion yuan.

24 Aug 2007 - 12:00am

China Mobile sees big gains with valued-added services

Rural focus boosts growth as revenue strategy pays off

China Mobile, the world's largest mobile operator, will celebrate the 10th anniversary of its Hong Kong listing in October with analysts lauding the strength of its business model for non-voice value-added services.

21 Aug 2007 - 12:00am

Savings on finance and marketing costs lift Unicom earnings

China Unicom, the nation's smaller mobile operator, said first-quarter profit rose 41 per cent on finance and marketing savings.

Net profit jumped to 1.96 billion yuan in the three months to March from 1.38 billion yuan a year earlier, as revenue rose 3.9 per cent to 23.85 billion yuan. Earnings per share rose 20 per cent to 13.2 fen from 11 fen.

27 Apr 2007 - 12:00am

China Unicom not in talks to sell network

China Unicom chairman Chang Xiaobing said yesterday the company was not talking to other national telecommunications players about taking over one of its two networks.

Mr Chang said this as the smaller of the mainland's two mobile-telephone operators reported a better than expected 24.3 per cent growth in net profit for last year.

30 Mar 2007 - 12:00am

KDDI talks down investment in Unicom

KDDI Corp, Japan's biggest CDMA operator, would prefer partnering with China Unicom on CDMA roaming and 3G expertise rather than invest in the group, a company source said yesterday.

5 May 2006 - 12:00am

Unicom sounding out suitors

Strategic partner seen as valuable as mainland prepares to award 3G licences

China Unicom has learned an expensive lesson with its CDMA business over the past three years and is now considering taking on a strategic partner so as to not make the same mistakes when 3G is launched in the mainland.

27 Mar 2006 - 12:00am

UNICOM GUOMAI TO SELL HANDSETS TO PARENT

Unicom Guomai Communications has agreed to sell 240 million yuan (about HK$224 million) worth of CDMA handsets to parent China United Telecommunications. Under the agreement reached yesterday, Guomai will make direct bulk purchases and resell up to 120,000 CDMA mobile handsets to China United. The price tag implys an average selling price of 2,000 yuan per handset.

10 Jan 2003 - 12:00am

Free cash flow prompts Salomon to back carriers

Salomon Smith Barney is upbeat on the Asia telecom sector due to the ability of carriers to generate strong free cash flow.

At the bank's second annual Asia telecom media technology conference, Salomon's managing director and head of regional telecommunications research Craig Irvine told fund managers to overweight the telecoms sector in Asia but underweight elsewhere.

18 Jun 2002 - 12:00am

Founder sees strong first year for venture

Founder (Hong Kong) said its systems integration joint venture with the United States' Digital Equipment Corp should conduct business worth US$30 million in its first year of operation.

It said business was expected to double by the third year.

3 Jun 1998 - 12:00am

New World to invest $300m in Jiangxi mobile-phone network partnership

New World Development and its telecommunications arm New World Telephone have agreed to spend an estimated $300 million on setting up a mobile phone network in Jiangxi province in co-operation with the mainland's fledgling second national operator China Unicom.

13 Jan 1998 - 12:00am