SHANGHAI, July 28 China Unicom (0762.HK), one of
China's top three mobile carriers, has reached a deal with Apple
(AAPL.O) for the exclusive sale of its iPhones in China for three
years, the official Shanghai Securities News reported on Tuesday.
A spokeswoman for China Unicom had no immediate comment.
Apple could not immediately be reached for comment.
The paper said the deal did not include revenue sharing
arrangements that media reports said had become a sticking point
in discussions between Apple and Chinese mobile companies.
The U.S. company insists on a revenue-sharing model with its
cellular partners that offer iPhones but media reports have said
Beijing objected to them.
Under the agreement, China Unicom will purchase iPhones from
Apple for 3,000 yuan ($439) each and guarantee annual sales of 1
million to 2 million units and at least 5 billion yuan in annual
revenue, the newspaper said.
China Mobile (0941.HK), China's dominant mobile carrier, was
also in talks with Apple to sell the iPhone in China, but the
paper said the talks broke down.
(Reporting by Melanie Lee; Editing by Edmund Klamann)