China Telecom May Partner With Qualcomm On C Net

konaxiskonaxis
Posted:
in AppleOutsider edited January 2014
June 2008,



Though it has not reached a final agreement with China Unicom on the price of acquiring the latter's CDMA network, China Telecom has already begun to make arrangements for the operation of the network.



According to Enet.com.cn, China Telecom has signed a memorandum of understanding with Qualcomm. The report says that the MOU signed between the parties was expected to take effect after the Chinese government's announcement of the telecom restructuring. However, it has been postponed to become effective by the end of May due to various reasons.



It is estimated that China Telecom's asset value will reach RMB500 billion after the transaction.



Besides Qualcomm, a shareholder of China Unicom, was also quoted by local media that they hoped to expand their cooperation with other Chinese telecom operators, including China Telecom.



d2dchina

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