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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999
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To: GO*QCOM who wrote (332)6/14/2000 1:18:00 AM
From: GO*QCOM  Read Replies (1) of 343
 
Hutchison invests HK$500 mln in 2.5G CDMA
HONG KONG, June 14 (Reuters) - Hutchison Telecom said on Wednesday it is investing
HK$500 million in so-called 2.5-generation CDMA technology this year to speed up the
wireless data transmission capability of its CDMA mobile network.

At a news conference to announce the award of a US$10 million-plus wireless data
technology contract to Motorola Inc (NYSE:MOT - news), Hutchison Telecom officials
said they expect Hong Kong to be completely covered by the high-speed data capable
system within two months.

Under the pact, Motorola will provide technology that will enable Hutchison Telecom to offer a 64 kilobits per second wireless
data transmission over its CDMA network in Hong Kong.

Cliff Woo, deputy managing director and wireless networks director for Hutchison Telecom said the company expects to have
120,000 Hong Kong customers using CDMA wireless application protocol (WAP) services by the end of this year versus
10,000 currently.

Woo said combined with Hutchison Telecom's parallel GSM network, the group expected to have 300,000 to 400,000 WAP
data users in Hong Kong by year end.

Shares of Hutchison Telecom parent Hutchison Whampoa Ltd were up 2.86 percent at HK$98.75 in morning trade on
Wednesday.
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