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(Incorporated in Hong Kong with limited liability)
(Stock Code: 0762)
Operational Statistics for October 2019
The board of directors (the "Board") of China Unicom (Hong Kong) Limited (the "Company") discloses the operational statistics of the Company and its subsidiaries (collectively the "Group") for the month of October 2019.
Operational statistics for the month of October 2019 were as follows:
October 2019
MOBILE BUSINESS: | ||
Aggregate Number of Mobile Billing Subscribers | 322.119 | million |
Net Loss of Mobile Billing Subscribers for the Month | (2.610) | million |
Cumulative Net Addition of Mobile Billing Subscribers for the Year | 7.083 | million |
Of which: | ||
Aggregate Number of 4G Subscribers | 251.751 | million |
Net Addition of 4G Subscribers for the Month | 0.606 | million |
Cumulative Net Addition of 4G Subscribers for the Year | 31.826 | million |
FIXED-LINE BUSINESS: | ||
Aggregate Number of Fixed-Line Broadband Subscribers | 84.553 | million |
Net Addition of Fixed-Line Broadband Subscribers for the Month | 0.108 | million |
Cumulative Net Addition of Fixed-Line Broadband Subscribers for | 3.673 | million |
the Year | ||
Aggregate Number of Local Access Subscribers | 54.230 | million |
Net Loss of Local Access Subscribers for the Month | (0.017) | million |
Cumulative Net Loss of Local Access Subscribers for the Year | (1.669) | million |
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For the first ten months of 2019, the Company's mobile billing subscribers registered a cumulative net addition of 7.083 million, reaching a total of 322 million. Within that, 4G subscribers registered a net addition of 31.826 million, reaching a total of 252 million. During the period, facing speed upgrade and tariff reduction, market saturation, keen market competition and diminishing 4G data bonus, the Company persisted in differentiated and Internet-oriented operation, rigorously controlled customer acquisition cost and strengthened integrated offerings, striving to avoid simple price competition so as to safeguard corporate value and proactively drive high-quality sustainable development.
Caution Statement
The Board wishes to remind investors that the above operational statistics for the month of October 2019 were based on the Group's internal records. Investors are cautioned not to unduly rely on such statistics. In the meantime, investors are advised to exercise caution in dealing in the securities of the Company.
By Order of the Board
CHINA UNICOM (HONG KONG) LIMITED
YUNG SHUN LOY JACKY
Company Secretary
Hong Kong, 20 November 2019
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S. Securities Exchange Act of 1934 (as amended). Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward looking statements. In addition, we do not intend to update these forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
As at the date of this announcement, the board of directors of the Company comprises:
Executive Directors: | Wang Xiaochu, Li Guohua, Li Fushen, Shao Guanglu and |
Zhu Kebing | |
Non-executive Director: | Cesareo Alierta Izuel |
Independent Non-executive Directors: | Cheung Wing Lam Linus, Wong Wai Ming, |
Chung Shui Ming Timpson and | |
Law Fan Chiu Fun Fanny |
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