BEIJING—Datang Telecom launched China’s first manufacturing company for third-generation (3G) mobile-phone equipment on 8 March.
Datang invested 150 million yuan (US$18.14 million) in its new Beijing-based subsidiary Datang Mobile Communications Equipment Company. Datang President Zhou Huan told the China Daily newspaper he expects the Chinese market for 3G technology and related businesses to be worth up to 24 trillion yuan (US$2.9 trillion).
Datang’s products will be based on China’s own 3G technology TD-SCDMA. Siemens and Intel are negotiating with Datang to become strategic investors in the new company.
