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Compaq's US$30m for Telecoms Sector Spur
Compaq Computer Corp said Wednesday, December 6, it will invest up to US$30 million in 2001, through collaborations and joint ventures, in a bid to boost its presence in China's fast-growing telecoms market.
On Tuesday, US-based Compaq and the Chinese mainland networking equipment maker Datang Telecom signed a memorandum of understanding to collaborate on CDMA-standard wireless opportunities on the mainland.
Compaq will provide mobile roaming and other technologies to be integrated into Datang networking products, the companies said during a telecoms conference in Hong Kong.
Plans by China Unicom Group to build a current-generation network using the CDMA standard developed by US-based Qualcomm Inc gained momentum this week after a delay-filled year, and CDMA equipment suppliers said they expect China Unicom Group to begin awarding contracts for buildout of the network early in 2001.
Philip Yu, president of Compaq Greater China, said his company stood to see a "very substantial revenue upside" - in the range of tens of millions of dollars - if, as expected, the first phase of China Unicom Group's planned CDMA network is built to serve 10 million customers.
Other CDMA networking equipment makers hoping to sell gear to the planned China Unicom network include Nortel Networks, Motorola Inc, Ericsson, and Lucent Technologies.
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