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Telefonica furthers Unicom alliance

first_img KCS-content Telefonica furthers Unicom alliance whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Spain’s Telefonica and Chinese mobile operator China Unicom will deepen their strategic alliance by buying an additional $500m (£312.5m) stake in each other. The two companies, which together have more than 550m clients in Europe, Asia and Latin America, are exploring joint investments in parts of Asia and Africa where they are not already present. After the new purchase, Telefonica’s stake in China Unicom will rise to 9.7 per cent, while China Unicom’s ownership of Telefonica will reach a total of 1.37 per cent. China Unicom, which will purchase 21.8m shares of Telefonica in the coming days at an agreed on price of €17.16 per share, will get a seat on Telefonica’s board. Telefonica will buy $500m worth of China Unicom shares from third parties over a nine-month period. whatsapp Sharecenter_img Sunday 23 January 2011 10:09 pm Tags: NULL Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more