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Datang signs deal to make Shanghai 3G hub
By Zhu Shenshen |
February 4, 2009, Wednesday
|
Online Edition
Online Edition
DATANG Telecom Technology & Industry Group today signed an agreement with Shanghai government to co-develop the next-generation mobile industry and make the city China's major industry base on 3G.
Under the agreement, the major home-grown 3G technology developer plans to invest heavily in Shanghai on 3G and 4G technology research, 3G equipment manufacturing and finish a strategic investment of US$171.8 million into the Shanghai-based Semiconductor Manufacture International Corp, both sides said today.
"It (the 3G license issuance) is an opportunity we can't neglect in the tough environment and it will improve the whole telecommunications industry structure in China," said Zhen Caiji, the chairman and president of Datang Group.
Datang announced in December it would acquire a 16.6 percent-stake of SMIC to become the biggest shareholder of the biggest made-to-order chip maker on the Chinese mainland.
China issued the three 3G licenses to the carriers China Mobile, China Telecom and China Unicom in January. The 3G services allow users to enjoy high-speed services like video conference and film download on handset.
China Mobile has launched the 3G services based on TD-SCDMA (time division-synchronous code division multiple access) technology, mainly developed by Datang Group.
Shanghai welcomes the arrival of advanced manufacturing projects, especially the high-tech projects like 3G, to maintain a high-speed industrial growth during the global financial crisis, said Ai Baojun, vice mayor of Shanghai.
It was the first agreement after Shanghai launched favorable policies to attract the investment from companies directly owned by the central government, including Datang Group, Zhen added.
Under the agreement, the major home-grown 3G technology developer plans to invest heavily in Shanghai on 3G and 4G technology research, 3G equipment manufacturing and finish a strategic investment of US$171.8 million into the Shanghai-based Semiconductor Manufacture International Corp, both sides said today.
"It (the 3G license issuance) is an opportunity we can't neglect in the tough environment and it will improve the whole telecommunications industry structure in China," said Zhen Caiji, the chairman and president of Datang Group.
Datang announced in December it would acquire a 16.6 percent-stake of SMIC to become the biggest shareholder of the biggest made-to-order chip maker on the Chinese mainland.
China issued the three 3G licenses to the carriers China Mobile, China Telecom and China Unicom in January. The 3G services allow users to enjoy high-speed services like video conference and film download on handset.
China Mobile has launched the 3G services based on TD-SCDMA (time division-synchronous code division multiple access) technology, mainly developed by Datang Group.
Shanghai welcomes the arrival of advanced manufacturing projects, especially the high-tech projects like 3G, to maintain a high-speed industrial growth during the global financial crisis, said Ai Baojun, vice mayor of Shanghai.
It was the first agreement after Shanghai launched favorable policies to attract the investment from companies directly owned by the central government, including Datang Group, Zhen added.
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