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Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: Jody Ritchie who wrote (3935)	11/28/2000 10:58:22 AM
From: Mark S.	Respond to of 4298

Jody, I think your on track

To: Jody Ritchie who wrote (3935)	12/5/2000 6:19:58 PM
From: AustinPowersIII	Respond to of 4298

AT&T Cuts Major Deal For Broadband In China 12/05/00 BEIJING, CHINA, 2000 DEC 5 (Newsbytes) -- By Martin Stone, Newsbytes. US telecom giant AT&T Corp. [NYSE:T] has reportedly been given the go-ahead to launch the first foreign telecommunications joint venture in China since that country agreed to open the sector under World Trade Organization (WTO) rules. Reuters reported today that the leading US long-distance phone provider will take a 25 percent stake in Shanghai Symphony Telecom Co., a broadband service provider to be launched in the fast-developing Pudong district of Shanghai. The remaining shares will be held by the Shanghai branch of state-owned China Telecom and by Shanghai Information Investment Inc., a firm managed by the Shanghai municipal government. The official China Daily newspaper pegged the deal at $25 million in investment. The agreement took eight years to negotiate, Reuters said, noting that the pact is the latest sign that Beijing is willing to comply with market sharing commitments made to the WTO as part of its membership requirements, which impels China to phase in foreign investment in the telecom service sector. In the 1990s, foreign investors pumped $1.4 billion into more than 40 telecom joint ventures with state carrier China Unicom Group, but Beijing declared the ventures "irregular" in 1998 and dissolved them.