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China Unicom, Telefonica to expand strategic alliance

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China, Spain
  • -
  • September 11 2009

On Sunday, China Unicom and Telefonica of Spain expanded their strategic alliance, as each company agreed to purchase equity stakes in each other and to solidify their current cooperative relationship in areas that include network and technology development, the sharing of management and operational expertise, and the provision of services to multinational customers