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00941 CHINA MOBILE
RTNominal down66.900 -0.200 (-0.298%)
Research Report

21/12/2017 10:33

[I-bank focus]Unicom's Tencent package to boost revenue

[ET Net News Agency, 21 December 2017] Jefferies Research said, based on November
statistics, China Unicom's (00762) 4G net add at 5m was stable MoM, versus a 10% fall at
China Telecom (00728) and 24% fall at China Mobile (00941).
Unicom's market share of 4G net add recovered from 30% in October to 34% in November.
Since January 2016, Unicom's share of 4G net add has been steadily rising from 16% to over
30%.
The research house remains convinced that Unicom's exclusive Tencent package, effective
online marketing and attractive pricing would allow its revenue share gain to continue.
Jefferies maintained its top "buy" rating on Unicom, with a target price of HK$17.81.
(KL)

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