Top Financial News
Sun, 30 Jan 2000, 10:10pm EST
Qualcomm in Talks With China Unicom on Alliance to Promote CDMA, AWSJ Says
By Leah Harrison
Beijing, Jan. 31 (Bloomberg) -- Qualcomm Inc. is in
talks with China United Telecommunications Corp., the nation's
second-largest phone company, to team up in China's mobile phone
market, the Asian Wall Street Journal reported. Louis Lupin,
senior vice president of the San Diego-based maker of wireless
phones, said no agreement had been reached, though the paper
quoted an unnamed official saying the two sides may agree on a
plan as soon as the first week of February. A pact with Qualcomm
may insure China adapts the wireless standard known as CDMA,
which is widely used in the U.S., rather than the GSM standards
it uses now, the paper said.
The number of mobile phone subscribers in China is expected
to surge to 70 million this year from 43 million last year.
(Asian Wall Street Journal, 1/31, front page)
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