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To: Caxton Rhodes who wrote (27075)	4/15/1999 7:09:00 AM
From: Caxton Rhodes	Respond to of 152472

Lucent signs on to joint China venture By Bloomberg News Special to CNET News.com April 14, 1999, 10:45 p.m. PT Lucent Technologies said it will join China Telecom, the Asian country's main phone company, in a $29.8 million venture to develop software for merging networks. One of the joint venture's first customers will be China Telecom itself, whose dominant position is expected to come under challenge by two other state companies. China Unicom plans to launch a mobile network in 190 cities this year, while another China Unicom-backed company is seen being formed out of the assets of cable television networks and the national railway communications grid. China aims to build a management system that will integrate and control the welter of networks acquired from different vendors as the country's telecommunications grid has grown quickly in recent years. "With the complexities of [different] systems ... network management becomes an issue," said Tony Wei, general manager of Guoxin Lucent Network Technologies, said in making the announcement. The partnership with Lucent is China Telecom's first venture with a foreign firm. Wei declined to give a breakdown of ownership. Besides Lucent and China Telecom, Shanghai Posts and Telecommunications is also a partner. Guoxin Lucent, which has registered capital of $12 million, expects to break even in five to seven years, Wei said. Foreign access to China's telecommunications industry is one of the sticking points in Sino-U.S. negotiations on China's entry into the World Trade Organization. The talks failed to reach a conclusion during Chinese Premier Zhu Rongji's U.S. visit this week. Earlier this month, Lucent signed an agreement to supply base station equipment, software, and management services to a mobile phone network in southern Guangdong province. Copyright 1999, Bloomberg L.P. All Rights Reserved.