ZTE Stakes CNY4 Billion On TD-SCDMA

October 19, 2007 | Print | Email Email | Comments | Category: Telecom & Wireless



    ZTE has passed a resolution at its third shareholder meeting of the year to issue convertible bonds of no more than CNY4 billion to raise funds for the construction and development of TD-SCDMA related equipment.

    ZTE says in an announcement that the funds raised this time will be mainly used on eleven areas of TD-SCDMA HSDPA system equipment development; TD-SCDMA terminal product development environment and scaled production capacity construction; TD reverse evolution technology industrialization; innovative mobile phone platform construction; next generation broadband and wireless mobile soft base station platform construction; next generation IP based multimedia and whole-service merging network industrialization; comprehensive network management system development and production; XPON fiber cable access industrialization; next generation cable network transmission equipment industrialization; ICT comprehensive service platform construction; and RFID integration system industrialization.

    These eleven projects will reportedly need about CNY10.7 billion in total. ZTE says if the funds are not ready for the relevant projects when needed, the company can use other funds to invest on the project first and then fill up the gap when the scheduled funding is raised.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Huawei Continues Building CNY4 Billion Factory
  • China Mobile Plans Third-round Deployment Of TD-SCDMA
  • China Mobile Hong Kong To Rent TD-SCDMA Network From Parent Company
  • Telefonica To Spend EUR1 Billion On Outsourcing In China
  • China Mobile Invests To Cover 28 Chinese Cities In TD-SCDMA
  • China Mobile Will Open Sales Channels For TD-SCDMA Terminals
  • China Mobile Will Invest CNY58.8 Billion In 3G In 2009
  • China Mobile Increases Subsidies For TD Terminals
  • If the Price is Right, Then China Mobile Might Try TD-SCDMA
  • Chongqing Home To First 3G Technology Park In China



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR