Merrill Lynch analyst: China Unicom close to exclusive deal to bring Apple iPhone to China

“China Unicom, one of China’s top three mobile carriers, may be close to a deal that would see it become the exclusive seller of Apple’s iPhones in China for two years, a Merrill Lynch analyst said,” Joanne Chiu and Doug Young report for Reuters. “‘Our industry checks reveal that Unicom and Apple have most likely reached a deal for an exclusive 2-plus year agreement,’ analyst Cynthia Meng wrote in a research note dated June 18. ‘We expect iPhone products to be available in conjunction with the Unicom commercial scale 3G launch in Q4, starting on Oct 1.'”

“A Unicom spokeswoman said the two sides were still in discussions, but would not comment further,” Chiu and Doug Young report. “China Mobile has also confirmed in the past that it was in talks with Apple over the iPhone.”

Full article here.

MacDailyNews Take: The deal is “imminent.”

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