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Siemens and Huawei start joint development of 3G/TD-SCDMA mobile technology--joint venture contract signed in Beijing.(Top News)(Siemens Information and Communication Mobile)(Huawei Technologies Company Ltd.)
China Telecom, February, 2004
To mark the official start of the joint activities for 3G/TD-SCDMA mobile communication technology, Siemens Information and Communication Mobile (Siemens mobile) and Huawei Technologies Co., Ltd. signed the contract for the formation of the joint venture. Both companies expressed that they join forces to promote the upcoming 3G mobile communication standard TD-SCDMA. The joint venture will develop, manufacture and market TD-SCDMA technology, for which both companies are together investing more than USD 100 million. The new company will be based in Beijing. Siemens mobile will hold 51 percent of the joint venture, and the Chinese telecommunications company Huawei Technologies 49 percent. Lothar Pauly, Chief Operating Officer of Siemens mobile and Yafang Sun, Chairwoman...
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