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To: Ruffian who wrote (27800)7/13/2000 1:12:25 AM
From: DaYooper  Respond to of 54805
 
Chinese military to hand mobile networks to Unicom


BEIJING, July 13 (Reuters) - China has ordered the military to surrender control of its commercial cellular telephone networks and hand them over to China United Telecommunications Corp, a senior official said on THursday.

The order, yet to be implemented fully, strengthens China United Telecoms, the state-owned parent of recently-listed China Unicom Ltd <CHU.N> <0762.HK>, by giving it control of a former competitor.

"All mobile network businesses will be transferred from the military to China Unicom," said senior Ministry of Information Industry official Jiang Shaobing.

While the military-run networks are small, the move may boost the fortunes of San Diego-based Qualcomm <QCOM.O>, which earns royalties and revenues on the CDMA standard the networks use.



To: Ruffian who wrote (27800)7/13/2000 1:14:02 AM
From: Uncle Frank  Respond to of 54805
 
>> One of the main stumbling blocks: Qualcomm demanded a percentage of all sales of CDMA equipment that far exceeded the level the ministry insisted the company had earlier promised.

What unmitigated <you know what>.

Does Tero write for WSJ?

uf