ML: China Unicom's 1H01 mobile ARPU to fall 35% on year to CNY90

Merrill Lynch says China Unicom's (0762) 1H01 mobile ARPU will fall 35% on -year to CNY90, while EBITDA will be CNY6.7 billion and net profit will be CNY2 .37 billion. Although Unicom's paging business is in long term decline, ML finds volume growth in Unicom's fixed-line operations "encouraging", with management confident that fixed-line business will contribute 12% of total revenue in FY01. ML thinks Unicom deserves buy rating for its attractive

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