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Japan's Telecom Giants Develop 3-G Technology in Shanghai


A new company has been formed in Shanghai to develop the third-generation telecommunications technology, it was announced Monday.

The new Shanghai Yumeng Technology's parent companies are Japan's Matsushita Communication Industrial Company, Nippon Electric Company (NEC) and China's Guangdong Huawei Technology Company.

The joint-venture registered capital of eight million US dollars with 47 percent from Matsushita and NEC respectively, and six percent from Huawei.

The new company, which will start operations at the end of this month, is aiming to speed up the development of communications technology and the mobile Internet on the worldwide market.

(People's Daily June 4, 2002)

In This Series

US Telecoms Firm Sets Long-term Sights on China

China Launches First Foreign-controlled Telecom Firm

Chinese Telecom Market Attractive to Foreign Entrepreneurs

British Telecom Becomes First Foreign Firm on Chinese Market

China IT Boom Lures Japanese, South Korean Telecoms

Alcatel to Obtain Control of JV Bell

Consumers Stuck on Magnetic Cards

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