Telecom Giants Plan Financing for 3G Projects

   Date:2007/01/12

China Mobile, China Telecom and China Netcom, all plan to return to mainland stock markets seeking ton of fresh capital to build infrastructure to implement a new generation of mobile phone service.

With licenses for the so-called 3G mobile technology expected to be announced early this year, China's major telecommunications operators may need to quickly raise as much as a hundred billion yuan to build and maintain the required new networks.   
 
The new 3G mobile phone service will provide multimedia services including voice, data, video and wireless Internet access. Market watchers believe all three companies will look to domestic markets to raise the required funds.

Source:未知

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