Ascend Communications-News Only!!! (ASND) Message Board

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Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Finder who wrote (958)	1/20/1998 3:44:00 PM
From: Maverick	Read Replies (2) of 1629

China's Telecom Industry Grew 30 Pct in 1997 January 20, 1998 (BEIJING) -- China's telecommunications industry continued its rapid growth in 1997, with business expanding 33 percent, according to the Ministry of Post and Telecommunications (MPT). About 19.6 million telephone lines were installed in 1997, pushing China's total to 111 million lines. The ratio is now 8.11 lines per 100 people, and in major cities the ratio has increased to 26 per 100. The number of mobile phone subscribers has increased to 13.23 million, the third largest in the world. And China's cellular phone network is now linked to 22 countries and regions. The ministry expects to soon have 14 long-distance optical-fiber trunk lines totaling 820,000km in length. Its digital telecommunications covers 90 percent of cities and counties, the ministry said. Post and telecommunications departments spent RMB124.5 billion (US$15 billion) on fixed assets in 1997, and 50 percent of the new telephone exchanges and 90 percent of the new exchanges are Chinese-made. (Xinhua News Agency) [Little wonder why ASND has been doing well in China & Taiwan]

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