China Unicom Reports Mixed 2014 Results On Slowdown In Subscriber Adds

Mobile broadband service revenue from high-speed subscribers (3G and 4G) grew by 18% y-o-y to about RMB 106 billion ($16.9 billion) driven by a net addition of 26.5 million high speed subscribers in 2014. This increase in 3G-4G subscribers was about 40% lower than the corresponding figure in 2013 (46 million). Although the company registered robust bottom line gains, the company?s overall revenues witnessed a decline of 3.5% owing to a 30% drop in telecom product sales, partially offset by a low...