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Siemens mobile provides support for expansion of China Mobile and China Unicom networks; total value of the orders is $70M
February 19, 2004
MUNICH -- China's mobile communications market is growing rapidly: the mobile arm of Siemens AG (Siemens mobile)(NYSE:SI) (FWB:SIE) is providing support to the two mobile providers China Mobile and China Unicom for expansion of their networks and for service offerings. Several orders for various provinces were signed recently at a total value of 70 million US dollars.
For China Unicom, Siemens mobile is expanding the GSM network in Shanghai, Guangxi, and Liaoning, among other places. In addition, Siemens is equipping the mobile network in Shanghai with technology for location-based services. This will allow Shanghai Unicom, for the first time, to offer location-based services in its GSM network in the metropolis. As sole supplier of prepaid technology, Siemens also received several orders from China Unicom for expansion of countrywide prepaid systems. For China Mobile, Siemens is expanding the GSM networks in Shanghai, Anhui, Hunan, Hubei and Sichuan. The expansion of the networks for both mobile providers is scheduled for completion by the end of March.
Siemens mobile has been working with the two mobile providers for a number of years. "The rapidly growing Chinese mobile communications market requires reliable partnerships. For years we have been providing support to both these partners as they expand their infrastructure," said Lothar Pauly, Chief Operation Officer of Siemens mobile.
Siemens Mobile Acceleration GmbH
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