BEIJING-Zhejiang Unicom, the subsidiary of China Unicom in Zhejiang province, slashed its mobile-phone rates by 12.5 percent in early December. The move is significant as it is the first time a China Unicom subsidiary has reduced its rates since the founding of the parent company in 1994.
Zhejiang Unicom has about one-tenth of all China Unicom’s subscribers.
In separate news, China’s Ministry of Information Industry announced sweeping fee reductions for international and domestic long distance fixed-line calls and for Internet access. The cuts of an aggregate 50 percent will mainly affect revenue of China Telecom, China’s premier fixed-line operator.
