3G Joint Venture in China

In another boost to China’s homegrown TD-SCDMA 3G technology, China Putian Corporation and Nortel signed a Joint Venture Framework Agreement (JVFA) to establish a joint venture for research and development, manufacture and sale of third generation (3G) mobile telecommunications equipment and products to customers in China. The combined company will be named Putian-Nortel Networks Telecommunications Equipment Co., Ltd and will also produce WCDMA technology.

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