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Technology Stocks : Motorola (MOT)

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To: Jack Hartmann who wrote (1856)7/19/2000 4:58:08 AM
From: jk28  Read Replies (1) of 3436
 
Motorola Wins $190 Mln in Cellular Contracts From China Unicom


Hong Kong, July 19 (Bloomberg) -- Motorola Inc., the world's No. 2 mobile-phone maker, said it won contracts worth $190 million to upgrade cellular networks operated by China Unicom Ltd., the nation's second-largest phone company.

According to the contracts, Motorola will expand China Unicom's global standard for mobile communication, or GSM, networks in three provinces, namely Shandong, Jiangsu and Hunan.

The expansion, scheduled for completion by yearend, will double network capacity in these provinces to 10.5 million subscribers.

``We are looking forward to helping China Unicom plan their next-generation, multimedia wireless networks as they begin to offer subscribers mobile Internet services,'' said Kao Ruey Bin, general manager of China operations in Motorola's greater China network solutions division.

Last month the company won contracts worth $65 million to supply and upgrade China Mobile Communication Corp.'s cellular networks in eight Chinese cities.

Motorola fell 1.64 percent to $37.5 on Tuesday.

Jul/19/2000 0:10 ET
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