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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (5279)	1/16/2000 5:58:00 PM
From: brian h	Respond to of 13582

Limtex, I am aware of it, but there is no definite date for its IPO before it clears its own mess with that CCF agreements. Last I read, it is 80 % done. But still some time to go. Regards, Brian H.

To: limtex who wrote (5279)	1/16/2000 7:06:00 PM
From: Ruffian	Respond to of 13582

China Unicom Plans Internet Svc Ahead Of Mid-Year Listing BEIJING -- China's number-two telecommunications company will likely complete its long-delayed overseas share listing in the middle of this year, a state-run newspaper reported Sunday. China United Telecommunications, or Unicom, plans to use some of the proceeds of a listing to fund aggressive diversification into Internet services this year, China Daily Business Weekly quoted company vice president Wang Jianzhou as saying. Unicom's plan to raise at least $1 billion with a listing in New York or Hong Kong, originally set for last October, has been delayed by disputes with former foreign partners. The wrangling arose after China's government banned a roundabout investment scheme Unicom had used to set up joint ventures in the tightly restricted telecom sector. Sunday's report said there has been "final resolution" to that controversy. It quoted Wang as saying the company is now mulling expansion into overseas markets in cooperation with foreign partners. Unicom's business so far has focused on experimental mobile telephone networks using the CDMA, or code division multiple access, technology. The company plans to push ahead with CDMA development to compete against industry giant China Telecom (CHL), which uses the GSM, or Global System for Mobile communications, standard, the report said. Unicom's share of the mobile telecommunications market jumped to 11% by the end of last year from 5% at the year's outset, Business Weekly said. Wang said Unicom will expand its business to include fixed-line long distance services. The company inked a cooperation deal with China Telecom last week that will allow it to offer both domestic and international long distance, the report said. It will begin providing basic Internet access service this month, and start offering services in the second half of the year that connect users to the Internet using their mobile phones. That service, based on WAP, or wireless application protocol technology, will initially be limited to the cities of Beijing, Shanghai, Guangzhou and Shenzhen, the report said. "We hope to provide an option of ISPs (Internet Service Providers) which anxiously need a broadband channel at favorable prices," the paper quoted Wang as saying. WSJ

To: limtex who wrote (5279)	1/19/2000 8:41:00 PM
From: quartersawyer	Respond to of 13582

Unicom--looking at internet and international partners Date: 01/16/2000 Author: WANG CHUANDONG, Business Weekly staff China Unicom, with the vision of a competitive full-range player based on new networks and services, will strongly diversify its business from CDMA mobile networking to providing Internet services this year. The strategic move is an expected result of one-year's consolidation backed by government preferential policies in 1999. The company's business expansion is expected to get adequate capital support as it is most likely to go public abroad at mid-year. In anticipation of China's access to the World Trade Organization (WTO), China Unicom expects to enter international market competition using co-operation with foreign partners. "Some companies have contacted us about this issue, and we are considering how to get involved in the international market," Wang Jianzhou, executive vice-president of China United Telecommunications Corp, told Business Weekly. With the expected opening-up of China's telecom service market, industry experts said that despite great pressures from foreign competitors, domestic operators have an opportunity to go international through shareholding and joint ventures. The final resolution of the "CCF" projects controversy, which delayed China Unicom's listing timetable last year, removes a key obstacle to the company's plans to go public abroad this year. The CCF mode, regarded by the Chinese Government as irregular operation, involves first moving capital into a China-foreign joint venture which in turn injects the funds in a Unicom project for a share of the latter's revenues. "Taking advantage of favourable government policies and our world-class networks, we will lose no time in providing new services this year," Wang said. The company recently introduced a new sub-service to provide mobile phone communications records-lists free of charge. China Unicom's expected new businesses include CDMA mobile communications, Internet access services, long distance fixed-line services and WAP-based (wireless application protocol) datacom services. China Unicom sees the CDMA (code division multiple access) cellular network, a US-favoured mobile system as opposed to the European GSM system, as its best shot at competing with China Telecom. The company's construction and operation of CDMA networks this year has resulted large market demand for CDMA telecom equipment and terminals. Internet services will become another focus for China Unicom to tap in the world's most booming industry this year. "We will provide Internet access service later this month and datacom services in the year's second half," said Wang. He said the WAP datacom service, which will enable users to log onto the Internet via a mobile phone, will initially be limited to Beijing, Shanghai, Guangzhou and Shenzhen. The Internet access service will focus on domestic Internet service providers (ISPs), Wang said. "We hope to provide an option for ISPs which anxiously need a broad-band channel at favourable prices." The company this year will also provide another choice for consumer long-distance services. With the signing of an inter-connection agreement with China Telecom last week, Wang said long-distance phone services, both domestic and international, will begin soon. China Unicom, established in 1994, had struggled to survive because of a lack of capital and market access permission, and especially because of fierce competition from the country's giant China Telecom. The situation was fundamentally improved last year when the government intervened to provide policy support to China Unicom that was, in some ways, even more favourable than to China Telecom. Unicom's market share in mobile telecommunications jumped from 5 per cent at the beginning of 1999 to 11 per cent at the end of last year. The company is also benefiting from the dissolution of China Telecom which will be completed early this year. chinadaily.com.cn