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Lucent's US$70 Million Investment For Nanjing 3G Mobility R&D Center
September 7, 2004 |
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Comments | Category: Telecom & Wireless
Lucent Technologies (NYSE: LU) today announced an additional investment of $70 million (US) for its 3G Mobility Research and Development Center in Nanjing, the capital city of Jiangsu province.
The investment will support the expansion of ongoing R&D activities at the center. This investment builds on a recent agreement between Lucent Technologies and the Information Industry Department of Jiangsu Province — signed at a ceremony at Lucent Technologies' headquarters in Murray Hill, New Jersey on July 23, 2004 — to collaborate on economic development projects in Jiangsu.
Lucent Technologies' 3G Mobility (Nanjing) R&D Center, which opened in September 2003, focuses on projects supporting the development of 3G spread-spectrum mobile networking technologies including CDMA2000 and Wideband-CDMA (also known as Universal Mobile Telecommunications System or UMTS).
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