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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

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To: SKIP PAUL who wrote (42609)9/27/1999 3:18:00 PM
From: Ruffian  Read Replies (1) of 152472
 
China Plans?>

China Unicom Reveals its Network Expansion
Plans

RDSL

27 September 1999

China United Telecommunications (China Unicom) plans to
build a 2 mil-line CDMA mobile network by end-1999, and to
develop CDMA users in 160 cities across China in 2000,
boosting its network capacity to 10 mil lines.

The network is due to have a capacity of 50 mil lines and over
35 mil subscribers by 2003.

The company is planning to raise USDlr1 bil through a listing
in Hong Kong and New York, NY, in 2000, according to well
informed sources. The company invests over Yuan10 mil/y on
average in telecoms construction.

Abstracted from AsiaPulse by
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