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Last updated at: (Beijing Time) Tuesday, June 04, 2002
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.
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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 U.S. 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 thismonth, is aiming to speed up the development of communications technology and the mobile Internet on the worldwide market.
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