Telefónica and China Unicom reached a strategic agreement to use Points-of-Presence (POPs) on each other's networks. Specifically, Telefónica will be able to use PoPs on China Unicom's network in Hong Kong, Japan, Singapore, Australia, France, and Sweden. China Unicom in turn will be able to enhance their network with PoPs set up on Telefónica's network in Argentina, Brazil, Chile, Colombia, Ecuador, Guatemala, Panama, Peru, Venezuela, Mexico, USA, Puerto Rico, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Morocco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
The deal represents a further step forward in the strategic alliance signed by the two companies in 2009http://www.telefonica.com
- In January 2011, China Unicom and Telefónica will deepen their cooperation by investing the equivalent of US$500 million in the other party through the purchase of each party's shares.
- In 2009, China Unicom and Telefonica invested US$1 billion in the other party's shares and entered into a Strategic Alliance Agreement.
