Merger With China Unicom
China Netcom was a subsidiary of China Network Communications Group Corporation.
On June 2 2008, Netcom announced its intention to merge with China Unicom, after the latter sold its CDMA network to China Telecom. The combined company has all the assets of China Netcom, plus Unicom's nationwide GSM network with 125 million subscribers, as well as its smaller dial-up and ADSL ISP business.
The merger was completed on 6 October 2008. China Netcom became a wholly owned subsidiary of China Unicom and the listings of its shares on the Hong Kong Stock Exchange and its American Depositary Receipt Shares on the New York Stock Exchange were withdrawn.
Read more about this topic: China Netcom
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