Spanish Telecom giant Telefonica (TEF) and the second-largest Chinese carrier China Unicom (CHU) have reportedly concluded their cross investment as the companies have finished the $1 billion stake purchase in each other’s stock. As per the agreement terms, Telefonica has bought 693.91 million shares in China Unicom at HK$11.17 (US$1.44) each while China Unicom purchased 40.73 million Telefonica shares at €17.24 (US$25.8) each.   With the completion of this share swap transaction, Telefonica’s stake in China Unicom increased to 8.06% from 5.38%, further strengthening its foothold in the Chinese telecom market. On the other hand, China Unicom purchased 0.87% of Telefonica, making it the first Chinese carrier to invest in a leading European telecom company. Telefonica plans to further expand its stakeholding in China Unicom to 10%.   Additional stake purchase in China Unicom has further consolidated Telefonica’s position as the largest overseas investor in the Chinese ...

China Voice Holding Corp., a U.S. based holding company providing next generation communication services to government agencies and corporations in China, sees itself as doing more than just selling things to the Chinese. The company believes that the most successful long-term Asian strategy must involve reciprocity and two-way partnerships that promote trust and growing mutual interests.

A key part of this approach is China Voice Holding’s ongoing merger and acquisition policy, by which the company seeks to use its securities to acquire multiple technology companies. As such, the company provides a vehicle for Chinese businesses to become participants in America’s economy and free enterprise system. This also enables China Voice shareholders to quickly realize the benefits of valuable intellectual property, revenue, and profits from these Chinese businesses.

In addition, China Voice Holding, through its subsidiaries, provides advanced communication solutions to profitable niche markets in Asia,

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China Voice Holding Corporation announced last week that their subsidiary, Beijing CandidSoft Technology Co. Ltd., has signed an agreement with China Unicom Ltd. to private label its patented/copyrighted SKY O/A Office Automation with integrated Digital Voice Application. The revenue sharing agreement provides for installation and support of the company’s current Chinese Government and large enterprise customer contracts in the Guangxi Province. This 9 year agreement will operate simultaneously with CandidSoft’s previously announced agreement with China Netcom.

China Voice Holding Corp. is a publicly-traded holding company in South Florida with a portfolio of next-generation communications products and services doing business in the People’s Republic of China, where the company has obtained full legal status as a licensed telecommunications company. The company provides Voice over Internet Protocol telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services. CHVC’s

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The second largest Chinese cellular operator China Unicom (CHU) has reportedly inked a multi-year agreement with CandidSoft, a subsidiary of China Voice Holding Corporation. The US-based China Voice Holding Corp. is a publicly-traded holding company offering next-generation telecommunications products and services through its subsidiaries in China, primarily to Chinese government agencies and large business customers. Under the terms of the nine-year deal, China Unicom and CandidSoft will collaborate for development, installation, maintenance and promotion of CandidSoft's SKY O/A office automation system under the ICT business brand.  The joint-venture is a significant revenue-sharing opportunity for China Unicom as the company will be responsible for all the network support needed to operate the SKY O/A system. The agreement also encompasses installation and maintenance of solutions for CandidSoft's existing Chinese Government and large enterprise customer contracts in China's Guangxi Province. In addition to providing its wireless, broadband Internet and ...

China, the world's biggest nation by population, also harbors the largest number of wireless users in the world. China Mobile (CHL) remains the incumbent Chinese wireless carrier with a 70% market share, well ahead of the second-place China Unicom (CHU). However, the recently concluded restructuring of the Chinese telecom industry has intensified domestic competition by allowing an additional market entrant.As per the restructuring mandate, China Unicom merged with China Netcom (a leading fixed-line service provider) and sold its CDMA wireless business to the largest fixed-line operator, China Telecom (CHA), for RMB 110 billion (US$16 billion), creating two entities offering wireless and fixed-line services in China.Following the overhaul of the Chinese telecom industry, the Ministry of Industry and Information Technology of China issued three 3G wireless licenses in early 2009. China Mobile was awarded the license for ...