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Shanghai Switches to Fiber Diet

2:30 PM -- China Telecom Corp. Ltd. (NYSE: CHA) operating unit Shanghai Telecom is to reportedly spend 6 billion Yuan Renminbi (US$878 million) this year on a fiber-to-the-home (FTTH) rollout that's set to pass 750,000 homes by the end of 2009.

Check out this report in the Shanghai Daily.

— Ray Le Maistre, International News Editor, Light Reading

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