GlobalStar Telecommunications Ltd. announced that China Telecom Group Ltd. has agreed to invest $37.5 million to become a full partner in Globalstar L.P.China Telecom, which provides fixed and wireless services in China, along with China Telecommunications Broadcast Satellite Corp., will retain the sole rights...
BEIJING-Northern Telecom Ltd. said its focus at the 1998 Second China CDMA International Summit will be on third-generation wireless services.The summit, which opened March 23 and continued through March 25, is endorsed by China's Ministry of Posts and Telecommunications and sponsored locally by the...
BEIJING-"Please come in, sir, and have a look. The cheapest prices and the best choice."No, we have not discovered Beijing's red-light district, and the time is not midnight. We have come to Xizhimen, an area where narrow streets are lined by small "mom-and-pop" stores,...
ARLINGTON HEIGHTS, Ill.-Motorola Inc.'s Cellular Infrastructure Group announced it completed tests for Code Division Multiple Access intersystem network roaming in Beijing.The tests were conducted jointly with China Telecom Greatwall Network, which is a cooperative entity between China's Ministry of Posts and Telecommunications and China...
It is unclear whether the wireless communications industry will be recession proof in the Asia-Pacific region if certain currencies there continue to fall taking economic growth with them.Beginning with the devaluation of the Thai baht in July, currency values have spiraled downward by as...
NEW YORK-China Telecom (Hong Kong) Ltd., the major cellular carrier in the populous Guangdong and Zhejiang provinces, priced its initial public stock offering at HK$11.80 per share Oct. 16, Goldman Sachs & Co., lead underwriter, said. A Hong Kong dollar is worth approximately 0.13...
Cable & Wireless plc, the United Kingdom's second-largest telecom group, has agreed to sell the Chinese government a minority interest in Hongkong Telecom. In return, the Chinese will offer Cable & Wireless the opportunity to be a major foreign investor in China Telecom-an agreement...
Total Access Communications, a wireless operator in Thailand, has relatively strong credit protection measures due to low levels of wired and wireless penetration and heavy demand for telecommunications services, according to a credit analysis report issued by Duff & Phelps Credit Rating Co. Michael...
Millicom International Cellular S.A. signed a seven-year $200 million credit facility agreement arranged by ABN-AMRO Bank and ING Bank. Millicom said the facility will be used to refinance $125 million of existing short term credit facilities at the parent level and the balance of...
