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China Unicom 2012 profit jumps by two-thirds (Update)

China Unicom Ltd., the country's second biggest mobile phone company by subscribers, said Thursday that 2012 profit jumped by more than two-thirds as revenue from third-generation mobile services surged despite stiff competition.

China Mobile 2012 profit rises just 2.7 percent

China Mobile Ltd., the world's biggest phone carrier by number of subscribers, said Thursday that profit rose just 2.7 percent last year as it grappled with fierce competition and higher costs.

Spain's Telefonica sells China Unicom stake

Spanish giant Telefonica said Sunday it has sold a 4.56 percent stake in one of China's top telecoms companies, China Unicom, for 1.13 billion euros (41.4 billion).

China Mobile in talks with Apple over iPhone

China Mobile, the world's biggest mobile operator by subscribers, said Wednesday the company is in talks with Apple to offer the popular iPhone to its users in the Asian nation.

China vows faster, cheaper Internet

China has said it will aim to bring faster and cheaper Internet access to more people, following complaints that a near monopoly by state-backed firms had hurt service.

China broadband to get faster, cheaper

Two government-owned Chinese telecom firms said Friday they would raise the speed of their broadband services while lowering their costs over the next five years, state-run media reported.

China probes telecom giants for internet monopoly

A Chinese government agency is investigating two telecommunications giants for allegedly monopolising Internet broadband services, state media said Wednesday, in an unusual public spat.

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