China Unicom's Q1 Revenues Decline On Lower Product Sales And Recent Subscriber Losses

China Unicom, the second largest Chinese wireless carrier, published its financial and operational indicators for Q1 2016 last week, posting a year-over-year decline in revenues and profitability, amid lower product sales,wireless subscriber losses over 2015 and pricing pressure for its high-speed data services. Below we provide some of the key takeaways from the carrier’s earnings release.