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Unicom Inc. company history timeline

1981

Founded in 1981 with a single product by founder and CEO Corry Hong

1994

China Telecom got its start in 1994 as an independent company, owning and controlling all public telecommunications, including mobile, fixed-line, and postal services.

1998

In March 1998, the government had passed a telecommunications law that changed the regulatory structure and allowed more competition in the industry.

More than 20.8 million new customers joined in 1998, including 7.7 million cellular-phone customers.

Business was good, with revenues for the first three quarters of 1998 at US$20 billion.

1999

The First Breakup: 1999

The breaking up of the company finally began in 1999 and took more than two years to complete.

2000

Fortune 500 and Global 2000 companies

2002

As of May 2002, the telecom market in China was shared by China Telecom Corporation, China Netcom Communication Group Corporation, China Mobile, China Unicom, China Satcom, and China Railcom.

2004

Established in the year 2004, Unicom has been one of the leading investment companies in the fields of Information Technology and Integrated Telecommunications Solutions

2005

China Telecom estimated that by 2005, they would have 20 million broadband users.

2013

Lu Yimin, Executive Director and President of the Company, won the award of “CCTV China Economic Leaders of Year 2013”.

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