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China Unicom Receives the "M&A Deal Of The Year" Award in Asia From the Financial Times and Mergermarket
15 Oct 08

15 October 2008, Hong Kong, China Unicom (Hong Kong) Limited ("China Unicom" or the "Company"; formerly known as China Unicom Limited) is pleased to announce that it has been awarded the "M&A Deal of the Year (Corporate Award)" in Asia by the Financial Times and Mergermarket for its merger with China Netcom Group Corporation (Hong Kong) Limited ("China Netcom"). The award was given in recognition of the significance and strategic importance of the transaction to the telecommunications sector restructuring in China.

The inaugural "M&A Awards Asia" (the "Awards") was jointly organised by the Financial Times and Mergermarket and gives recognition to corporate, private equity, banking and legal expertise and excellence in the Asia-Pacific region. The Judging Panel for the Awards included leading regional experts in mergers and acquisitions, and the judges looked at various criteria, including strategic nature, complexity and financing requirements of the deals worked on etc. when selecting the winners of the Awards.

China Unicom is delighted to receive the "M&A Deal of the Year (Corporate Award)" in Asia. This award is encouraging and recognizes the efforts of the Company and its partners, as well as the significance of the transaction in the future development of telecommunications industry in China. Going forward, the Company will endeavor to continue to deliver high quality integrated telecommunications services to best satisfy the various needs of our customers. The Company continues to aim to become a world-class provider of broadband communications and information services."

 

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