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Technology Stocks : Ascend Communications (ASND)

ASND 209.30

-1.8%

Jan 6 3:59 PM EST

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To: djane who wrote (47060)	5/17/1998 9:39:00 PM
From: djane	of 61433

Japan Outlines Supplementary Budget Plan For Telecom nb-pacifica.com OSAKA, JAPAN, 1998 MAY 13 (NB) -- By Martyn Williams, Newsbytes. Japan's Ministry of Posts and Telecommunications (MPT) has outlined its spending plans for 110 billion yen ($821.2 million) in supplementary budget spending. Almost half of the total spending in info-communications will be on development of a gigabit network for research and development purposes. The 51 billion yen ($380.7 million) nationwide network will be open to use by universities, research institutes and will include development work on ATM (asynchronous transfer mode) switching at ten locations and work on facilities for shared research study at three locations. A further 35 billion yen ($261.3 million) will be spent on establishment of research and development facilities for promoting digital terrestrial broadcasting. The MPT said it plans to spend 5.9 billion yen ($44.1 million) on helping to remove the disparity between telecommunications services available in different areas. Within this project is a 3.4 billion yen ($25.4 million) plan to promote the construction of steel towers in rural areas to enable the wider use of mobile telephones. The remaining 18.1 billion yen ($135.1 million) will be used on a variety of projects that includes strategic research projects, expansion of the multimedia town scheme and more. Exchange rate: $1 = 133.95 yen Reported By Newsbytes News Network: newsbytes.com (19980513/WIRES ASIA, GOVT, TELECOM/) Newsbytes Pacifica Headlines Newsbytes Pacifica Home Page Daily Summary \| Pacifica Headlines \| Internet Update LinkExchange Member SEARCH NEWSBYTES PACIFICA: Enter words describing a concept or keywords you wish to find information about: Help on making search queries. Documents located at this web site are Copyright c 1995-1998 Island Telecommunications Corporation. News items are Copyright c 1995-1998 Newsbytes News Network. All rights reserved. Please send any questions, comments or suggestions regarding this site to staff@islandtel.com. Prev \| Home \| Next

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