Telstra, PCCW to launch three Asian joint ventures

Article Abstract:

Australia-based Telstra and Hong Kong-based Pacific Century Cyberworks announced in Aug 2000 a joint venture that will launch three companies intended to tap Asia's growing data, Internent and wireless communications markets. The transaction, in which Telstar will invest $3 billion, is expected to close by the end of the year. The alliance will become the leading provider of voice and data communications and Internet services in the Asia/Pacific region, outside Japan.

Joint ventures, Asia, Telstra Corp.

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German mobile phone auction 'economic insanity'

Article Abstract:

Some telecommunications companies and industry analysts were surprised by the very high bids for licenses to operate the third generation mobile telephones in Germany. The six bidders paid about $45.85 billion, a price considered to be too huge that could likely put a heavy mortgage on UMTS companies, users and the technology itself. However, proponents believe that competition will prevent prices of Internet-enabled mobile phone service from soaring.

Germany

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Motorola, Ericsson in big China deals

Article Abstract:

Motorola Inc and L.M. Ericsson Telefon AB have signed separate multimillion dollar contracts with China United Telecommunications Corp or China Unicom during the second half of 2000. Ericsson's five contracts for the expansion of China Unicom's GSM 900 network of mobile telephones in five provinces are worth $176 million. The two contracts awarded to Motorola are worth $448 million.

China, Contracts & orders received, Motorola Inc., LM Ericsson Telefon AB

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