China Unicom, which generated $1.27B in profit in third quarter, becomes Inter's newest partner
Mariangela Pira, a Sky journalist that has a deep knowledge of the Chinese economy, speaks to FC Inter 1908 about China Unicom, a new partner of Inter.
“China Unicom is no closer to the government than any other companies. Obviously, in other for these telephone companies to do business, they must have permission in China. The telephone sector has a lot of potential and the Chinese government would like to merge China Telecom and China Unicom but this thing has not happened and it still seems far away. All these big companies have a special relationship with the government. It is an independent group, with excellent performance. China Unicom’s subscribers? Nearly 26 million, it is doing very well and continues to grow. Third quarter earnings according to Forbes increased 117% with a profit of $1.27B. This is a very solid company.”