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Technology Stocks : AsiaInfo Holdings Inc - (ASIA)
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To: westpacific who wrote (27)3/9/2000 4:43:00 PM
From: westpacific  Read Replies (1) of 115
 
$1B in spending for China Inet infrastructure:

China to Spend US$1 Bln on Internet Backbone
China's four big telecom operators say they plan to spend nearly US$1 billion on developing China's Internet infrastructure this year, and foreign equipment makers are already reaping the rewards, Reuters reported. U.S.-based Lucent Technologies Inc has won contracts worth more than US$100 million from China Telecom, China Unicom and China Netcom, and network hardware providers such as Cisco Systems, 3Com Corp and AsiaInfo Holdings Inc are also aggressively marketing their wares, analysts said.

"China will want leading edge technology as it builds its next generation networks," David Michael, vice president of China e-commerce practice at the Boston Consulting Group (BCG) told Reuters in Hong Kong. "That provides an important opportunity for those overseas players who have that technology."
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