Unilava Corporation (OTCPK: TLVA) entered into a memorandum of understanding to acquire 80% stake in China Dragon Telecom on December 7, 2009. The transaction is expected to be paid in a combination of cash and stock. Completion of the transaction is subject to satisfactory due diligence and final approval by the Unilava Board of Directors and China Dragon Telecom executive members. The negotiation and execution of definitive agreements, regulatory approval and other customary conditions is expected to be completed in mid 2010. As of September 30, 2010, China Dragon Telecom Limited is still being audited by an accounting firm. Deloitte Touche acted as the accountant for China Dragon Telecom.

Unilava Corporation (OTCPK: TLVA) cancelled the acquisition of 80% stake in China Dragon Telecom on March 30, 2015. As of September 30, 2014, China Dragon Telecom was still being audited by an accounting firm.