Examples of CDMA Business in a sentence
Completion of the CDMA Network Disposal is expected to occur on the same date as the Completion Date of the CDMA Business Disposal.
It is expected that, at or around the same time when the CDMA Business Disposal Agreement and CDMA Network Disposal Agreement are entered into, Telecom and Telecom Group will enter into the Telecom CDMA Lease pursuant to which Telecom will lease Capacity on the CDMA Network from Telecom Group.
The second instalment payment, being 20% of the consideration for the CDMA Business Disposal, is payable in cash within 3 days after the Delivery Date.
The board of directors of Unicom is pleased to announce that on 2 June 2008, Unicom, CUCL and Telecom entered into the CDMA Business Framework Agreement, which sets out the terms and conditions on which Unicom, CUCL and Telecom will proceed with the CDMA Business Disposal whereby CUCL will sell, and Telecom will purchase, the CDMA Business.
The final instalment, being the remaining 10% of the consideration for the CDMA Business Disposal, is payable in cash before the Final Date.
The first instalment, being 70% of the consideration for the CDMA Business Disposal, is payable in cash on the Completion Date.
WARNING: As there are conditions to be satisfied before Unicom and Telecom will proceed with the CDMA Business Disposal, the issue of this Announcement should not be regarded in any way as implying that Unicom and Telecom will proceed with the CDMA Business Disposal.
If the CDMA Business Conditions are not satisfied or waived on or before 31 December 2008 (or such other date as Unicom, CUCL and Telecom may agree), the CDMA Business Framework Agreement will automatically terminate (other than certain provisions which shall survive after the termination of the CDMA Business Framework Agreement).
At present, Unicom operates the mobile communication business of the CDMA Business on an exclusive basis in 31 provinces, directly controlled municipalities and autonomous regions of China, and has established CDMA international roaming services with 25 operators in a total of 17 countries and regions.
A further announcement will be made by Unicom when the Detailed Transaction Agreements have been entered into by the respective parties thereto and when the CDMA Business Conditions have been satisfied or waived.