AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
(From AFX Europe (Focus))
HONG KONG (XFN-ASIA) - China Unicom shareholders approved the company's proposed merger with China Netcom under the mainland's telecom industry restructuring program.
At a special meeting today, shareholders also approved the sale of Unicom's CDMA mobile phone business to China Telecom.
After the sale, Unicom will have a single GSM-based mobile system. It will also become a full-service operator by inheriting Netcom's fixed-line phone system.
China Telecom, a fixed-line specialist, will also become a full-service operator through its purchase of the CDMA network from Unicom.
Unicom chairman Chang …