The second stage: 1994 turn1999-China Unicom cleans up "Chinese and foreign" projects. In the case of urgent need of funds, China Unicom began to use the "Chinese-foreign" project networking from 1995, * * involving more than 30 large telecom operators in10 countries and regions, but this model is very immature, so in July of 1999, it started to clean up the "Chinese-foreign" Taking this as an opportunity, China Unicom has made clear the basic context of property rights in the restructuring and listing.
The third stage: 1999 to 2000-Unicom's overseas listing and financing. In June 2000, the company successfully went public in Hongkong and new york, raising 5.65 billion US dollars, ranking among the top ten in the history of initial public offering in the world. From June 5438 to 10, 2002, the company successfully completed the A-share listing in Shanghai and became the largest listed company in the domestic capital market.
The fourth stage: In 2002, Unicom CDMA was commercialized and began to compete for the telecom market. On June 8, 2002, China Unicom's CDMA mobile communication network was officially opened. The investment of the first phase of the system is 24 billion yuan, which will change the situation that GSM technology dominates the world and make China mobile communication enter a new stage of competitive development between GSM and CDMA.