Spanish telecommunication is added hold Chinese net to open share to 13%

September 13, 2008

Yesterday, the reporter hands in offers newest data know from harbor, chinese net connects telecommunication of main shareholder Spain to declare on September 4, add hold a net to connect 384 million, every average price 23.38 yuan, hold an amount by 7.19% add to 12.93% . Because Chinese net is connected,will incorporate with Chinese UniCom after the middle ten days of a month held shareholder plenary meeting in September, whole buy after finishing, spanish telecommunication will be achieved in the equity in new UniCom 5.5% the left and right sides.

Before telecommunication recombines, spanish telecommunication is the strategic partner that Chinese net tells, invest 1.5 billion dollar to have Chinese net to connect the equity of 7.19% in all, connect in Chinese net after be being bought by Chinese UniCom, the network that its own connects the equity of new UniCom of equity translate into, but be by dilute 3% the left and right sides. The long-term plan of Spanish telecommunication is, connect the network of hold equity to increase to 10% .

This Spanish telecommunication is added hold after finishing, spanish telecommunication will be achieved in the equity in new UniCom 5.5% . This means Spanish telecommunication to will exceed SK telecommunications, become the foreign capital stockholder with new the largest UniCom. Before this, SK telecommunications has UniCom of the China before recombining the equity of 6.6% , it is Chinese UniCom the 2nd large stockholder, recombine after finishing, the dilute of scale of new UniCom equity of its hold is 3.7% .

Telegraphic industry expert pays bright introducing, spanish telecommunication is added to what the net connects oppose a plan, it is early when 2006 already affirmatory. In September the middle ten days of a month, the net is connected UniCom be merginged into, spanish telecommunication still is willing to continue to add hold, show its the confidence of telegraphic to China market, because home is telegraphic market share is huge, but operation business has 3 only however, enterprise of foreign capital of quite a few hopes to be able to seize the opportunity that Chinese telegraphic market expands. As a result of historical reason, former China UniCom and Chinese net connect the business of foreign capital operation that has national arrangement to become a shareholder, spanish telecommunication already was connected with the net before this had long-term cooperative concern, enter the new UniCom after incorporating now also follow a rational line to do some work well.

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