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Technology Stocks : Nokia (NOK)

NOK 5.970

+1.6%

3:47 PM EST

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To: brian h who wrote (4899)	5/16/2000 11:23:00 AM
From: tero kuittinen	Read Replies (2) of 34857

But that's the crux - what exactly has Unicom agreed to do? Have they signed the IS-95 network expansion deals? Have they committed to a massive nationwide build-up? I don't think so. There was a lot of talk about the recent US visit to China where the Chinese officials guaranteed that there would be a permission for a nationwide IS-95 buildup. But the government is not building the networks. China Telecom and China Unicom are the only national carriers. Their decisions count - the government permission is only a permission, not a guarantee of anything happening. As we have debated other things on this thread, GSM finally took off in Russia and India in 1999. This is the trend that matters; four of the most populous countries on earth - Russia, India, Indonesia and China. Their second generation mobile telephony strategies are converging. John - the point about urban areas is lost on most investors. They see "China" - not the two Chinas that actually exist; the urban growth vehicle and the rural backwater. Tero

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