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Unicom to sell iPhones in China from October

7:50 am on Sep 28, 2009 (gmt 0)

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Unicom to sell iPhones in China from Oct [reuters.com]

China Unicom (0762.HK), the country's No.2 mobile carrier, said on Monday that Apple's (AAPL.O) popular iPhone will retail in China for 5,000 yuan ($732.50), above market expectation, as it seeks to build up its 3G service.

Analysts said Unicom may have set the price high to force buyers of the popular handsets to sign up for packages carrying longer-term contract commitments as competition heats up in the recently reformed sector.

Unicom said the phones would be available for services starting October 1, following its August announcement that it would bring the popular handet to China.