Telefonica doubles stake in China Netcom
Spanish telephone giant Telefonica is almost doubling its stake in China Netcom to more than 12pc, bolstering its presence in the world's largest telecoms market.
Hong Kong: 9 September 2009 - Leading international law firm Clifford Chance has advised Telefónica on a strategic alliance with China Unicom, which will see the two companies develop a combined customer base of over 550 million people.