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Technology Stocks : Nokia (NOK)

NOK 6.035

-9.1%

Nov 19 3:59 PM EST

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To: Eric L who wrote (11758)	5/21/2001 10:38:33 AM
From: Eric L	Read Replies (1) of 34857

re: China Unicom GSM expansion? The article I previously quoted said: "China Unicom is expanding its GSM capacity to support another 200 million users" I am wondering about the validity of the statement. It does not jive with what I thought to be the case. China Unicom currently has about 23% market share in the GSM dominated China market. They have recently stated that they aim to have 100 million mobile subscribers by 2005, 40 million of them on the new CDMA network about to be constructed, which means that they plan to have 60 million subs on their GSM net. This represents an increase of about 45 million GSM subs in the same time frame that 40 million CDMA subs are projected to be added. Recently Unicom vice president Li Zhengmao told Reuters that "We think that, currently, the GSM network will reach its capacity of about 60 million subscribers in two to three years time,". Darned if I know where the capacity for 200 million GSM subscribers is coming from, in what otherwise seems to be a very well written article. Am I missing something? Possibly the expansion attributed to Unicom should be attributed to China Mobile. This would make sense. Anyone care to comment? - Eric -

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