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China Unicom Unveils $14.6B Capex Plan

08-28-2008

People & Companies in the News

China Unicom plans to spend about 100 billion yuan ($14.58 billion) in building out its third-generation wireless network across China by 2010, reports MarketWatch.

Analysts said the large capital expenditure figure raised concerns the firm could face large depreciation charges in coming years, which would impair the firm's profitability.

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