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China Unicom tightens belt as profits plunge

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HONG KONG — Struggling to gain a foothold in China’s fourth-generation (4G) wireless telecommunication markets, Beijing-based China Unicom reported lackluster results on Wednesday and plans to cut back outlays in preparation for its next move.…

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China Unicom posts 94pc slump in 2016 net profit

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China Unicom, the world’s sixth-largest mobile network operator by number of subscribers, reported widely expected downbeat earnings for last year on Wednesday, as its senior management burnished investors’ hope for a turnaround this year. “The…

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