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Beijing Pours CNY 700 Mln in TD-SCDMA.

Asia Africa Intelligence Wire

| August 20, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast China IT Watch)

BEIJING, August 23, SinoCast -- Recently Datang Mobile Communications Equipment Co., Ltd., ZTE Corporation, Huawei Technology Co., Ltd., China Putian Corporation, and other TD- SCDMA Industry Alliance members have received CNY 700 million (USD 1 = CNY 8.2767 as of August 19) from Chinese government against an assignment to fulfill a complete commercialization of TD-SCDMA by next June.

The Ministry of Information Industry, China's telecom regulator, has unveiled this deadline for the business use of TD-SCDMA at a meeting in this July, in the hope of ensuring sufficient time for the construction of 3G-telecom network.

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