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To: craig crawford who wrote (127177)	6/25/2001 1:32:15 PM
From: craig crawford	Respond to of 164684

Monday June 25, 3:37 am Eastern Time ICBC to loan China Unicom 10 bln yuan for CDMA BEIJING, June 25 (Reuters) - The Industrial and Commercial Bank of China will provide 10 billion yuan ($1.21 billion) in loans to a unit of China Unicom Group to build a CDMA-standard mobile phone network, the Xinhua news agency said on Monday. The bank would provide the five-year loans to China Unicom Horizon, the subsidiary of China Unicom which is building the network, it said. China Unicom, parent of number-two mainland mobile carrier China Unicom Ltd , has decided to build a network using the CDMA (code division multiple access) standard developed by San Diego-based Qualcomm Inc (NasdaqNM:QCOM - news). China Unicom plans to build a CDMA network serving more than 200 large cities with capacity of 13.3 million users, Xinhua said. In 2003, the company will expand the network to serve 50 million users, it said. ($1 equals 8.276 Yuan)