Good CDMA News
9:40 AM -- Alcatel-Lucent (NYSE: ALU) announced today a $230 million contract to supply CDMA equipment to China Telecom Corp. Ltd. (NYSE: CHA) in 56 cities through its Chinese company, Alcatel Shanghai Bell Co. Ltd. So, is this the CDMA windfall from China that AlcaLu has been anticipating? (See AlcaLu Looks to China .)
There's more CDMA business likely to be had from the world's largest mobile market. China Telecom plans to spend $11.7 billion over the next three years upgrading its CDMA network. Its current CDMA network tender was reportedly expanded from 81 to 340 cities. (See China's Mega CDMA Tender and Unicom Plans Capex Blowout.)
ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) said last month that it won a CDMA infrastructure contract at China Telecom worth $186 million. (See Emerging Markets Offer Capex Hope.)
— Michelle Donegan, European Editor, Unstrung
There's more CDMA business likely to be had from the world's largest mobile market. China Telecom plans to spend $11.7 billion over the next three years upgrading its CDMA network. Its current CDMA network tender was reportedly expanded from 81 to 340 cities. (See China's Mega CDMA Tender and Unicom Plans Capex Blowout.)
ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) said last month that it won a CDMA infrastructure contract at China Telecom worth $186 million. (See Emerging Markets Offer Capex Hope.)
— Michelle Donegan, European Editor, Unstrung
