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State-owned telecom giant China Unicom to raise $11.7 billion from private firms

(Reuters) — Telecoms group China Unicom said it is raising $11.7 billion from investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing’s push for state-owned enterprises to be revitalized with private capital. The board of China Unicom’s Shanghai-listed unit, China United Network Communications, has approved an issue of shares to the […]
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