CHINESE TELCOS TO INVEST OVER CNY100BN IN BEIJING
AsiaInfo Services, May, 2009
AsiaInfo Services 05-22-2009 Chinese Telcos to Invest over CNY100bn in Beijing SHENZHEN, May 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- Three Chinese telecoms carriers today signed framework cooperation agreements with the municipal government in Beijing to spend as much as CNY 100 billion on telecom infrastructure projects in the city. They are China Unicom (Hong Kong) Ltd.
(NYSE: CHU, SEHK: 0762, SHSE: 600050), China Mobile Ltd. (SEHK: 0941, NYSE: CHL), and China Telecom (SEHK: 0728, NYSE: CHA). The money will go to bolster the local broadband network coverage, better the telecoms network in the rural area, develop broadband applications, speed up 2G and 3G network upgrading, promote mobile telecom sapplications, and roll out more value-added telecom...
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