Final approval of ownership reform due in around a month, says SOE

China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, set up a big data company on Monday, as it accelerates partnerships with new strategic investors.

Wang Xiaochu, chairman of China Unicom, said its $11.7 billion ownership reform plan will be completed as soon as possible, with all the investments expected to be in place by the end of this year.