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

To: Ben Beale who wrote (2087)	3/31/1999 6:59:00 AM
From: TechMkt	Respond to of 4298

This could be very big. Getting a foothold into the Chinese market is not easy. The PC companies are trying very hard. If T can do this ahead of the other telcom's it should be a good source of revenue for years to come. Fez _______________________ Wednesday March 31, 1:59 am Eastern Time AT&T to provide telecom services in Shanghai SHANGHAI, March 31 (Reuters) - U.S. telecommunications giant AT&T signed an agreement on Wednesday to provide services in Shanghai's development area of Pudong. ''We've agreed to organise a joint venture to deliver advanced value added services in Pudong,'' said an AT&T official who asked not to be identified. ''This includes broad band Internet protocol,'' he said without elaboration. He said the company would first conduct a feasibility study and further negotiations would be necessary before putting a value on the deal. The joint venture will be with the Shanghai Post and Telecommunications Adminstration and the Shanghai Information Investment Inc. The Chinese partners said in a statement the agreement marked a major breakthough for China's telecommunications industry, which has given only limited opportunities to foreign companies.