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China Mobile to lay out US$4.6b for 3G
By Zhu Shenshen |
May 12, 2009, Tuesday
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Print Edition
Print Edition
CHINA Mobile will invest 31 billion yuan (US$4.59 billion) in Shanghai until 2011, mainly for the construction of the next generation mobile communications network and 3G preparation for the World Expo 2010, the telco said yesterday.
The investment will create about 3,000 new jobs in the city during the period under a deal signed between China Mobile and the Shanghai government, according to the company.
The world's biggest mobile carrier by subscribers will invest 3 billion yuan to build its TD-SCDMA (time division-synchronous code division multiple access) 3G network.
It will also invest 1 billion yuan to construct information technology infrastructure for the World Expo.
China Mobile will set up extra base stations for the World Expo and strengthen its service team.
The company also opened a video innovation center, costing 500 million yuan, in Shanghai yesterday.
China Mobile started trials of its 3G service in April last year and it has attracted about 600,000 TD-SCDMA users.
In January, China issued 3G, or third generation, licenses to three telcos including China Unicom and China Telecom.
The investment will create about 3,000 new jobs in the city during the period under a deal signed between China Mobile and the Shanghai government, according to the company.
The world's biggest mobile carrier by subscribers will invest 3 billion yuan to build its TD-SCDMA (time division-synchronous code division multiple access) 3G network.
It will also invest 1 billion yuan to construct information technology infrastructure for the World Expo.
China Mobile will set up extra base stations for the World Expo and strengthen its service team.
The company also opened a video innovation center, costing 500 million yuan, in Shanghai yesterday.
China Mobile started trials of its 3G service in April last year and it has attracted about 600,000 TD-SCDMA users.
In January, China issued 3G, or third generation, licenses to three telcos including China Unicom and China Telecom.
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