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To: Dealer who wrote (5932)	3/3/2000 1:14:00 AM
From: techguerrilla	Respond to of 35685

Friday March 3, 12:23 am Eastern Time Zhong Guan Cun says invests in CDMA SHANGHAI, March 3 (Reuters) - Shenzhen-listed Zhong Guan Cun Technology Development Co said on Friday it plans to invest in a CDMA infrastructure project despite China's freeze on the U.S. technology. The company said in a statement it had signed an agreement with Beijing Shenzhou Great Wall Communications Centre to invest 210 million yuan ($25 million) to develop a mobile phone system using the code division multiple access (CDMA) standard. Shenzhou Great Wall is one of several mobile phone companies backed by the People's Liberation Army. Last week, Beijing suspended plans by telecoms companies to build networks using Qualcomm's (NasdaqNM:QCOM - news) CDMA standard and contract negotiations with equipment suppliers have been postponed. But a Zhong Guan Cun official said from Beijing the company's planned investment has not been affected. ``We have not been notified by the government that we cannot do this project,' he said. Another Shenzhen-listed company, Nanjing Putian Telecommunications Co , said this week it had delayed plans for a joint venture with a Japanese firm to produce CDMA mobile phones because of the supension. China Unicom, the country's number two telecoms carrier, had been planning to roll out CDMA networks on a huge scale this year. A carrier backed by the army, Century Mobile Communications Corp, already operates networks in several cities. ($1=8.278 Yuan)