China Unicom Chairman to Lead Merged Group

China Unicom has provided more details of its merger with China Netcom. More details of the merger of China Unicom and Netcom have been disclosed, including the key leadership appointment and strategies to be adopted following the merger. The two companies will pursue a convergence strategy, exploiting growth opportunities in both mobile and broadband segments. Merging the two companies will help drive growth through the convergence of mobile and fixed-line broadband businesses. The merged group will need to invest significantly to enhance their network coverage and capability. China Unicom Limited (Unicom), China's second-largest mobile operator, yesterday said in a statement that its chairman and CEO, Chang Xiaobing, will become the chairman and CEO of the merged company between Unicom and fixed-line operator China Netcom... [read full story]                    

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