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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (25758)	8/19/2002 11:56:11 PM
From: slacker711	Respond to of 196545

A couple of days old, but I didnt see it posted. I assume we will get Unicom's official numbers any day now. technology.scmp.com Friday, August 16, 2002 Booming China mobile market cools slightly The rocketing growth of cellular use in China, the world's biggest mobile telephone market, cooled in July, according to official figures released on Friday. The number of cellular users in China grew by about 3.83 million during the month - the smallest monthly number of new users in more than 18 months - in a market that grew by five million a month last year. An analyst at market research company Norson Telecom Consulting said that July was a typically slow month. The number of new users in July 2001 was also relatively slow at 3.85 million, he said. Growth in fixed-line subscribers in July this year also slowed from the previous month, increasing by two million compared to three million in June. Fixed-line giant China Telecom is planning a US$2.4 to US$4 billion overseas share offering later this year, which would be the first large-scale overseas listing of domestic telephone network assets in China. Officials of at Hong Kong and New York-listed China Mobile (Hong Kong) attributed the July slowdown in new subscribers to seasonal sluggishness and promotions by rival China Unicom. Those are the listed units of China Mobile Communications and smaller rival China United Telecommunications, respectively. At the end of July, there were 180 million cellular users in China, according to data posted on the Web site of the Ministry of Information Industry (www.mii.gov.cn), the telecommunications regulator. In June the number increased by 4.8 million to 176.2 million.