The world's leading IT company, Nortel Networks, signed a contract on Tuesday to increase its investment by US$30 million, expanding the GSM network capacity of Chongqing Unicom.
The expanded network will go into operation in August when subscribers to the Chongqing Branch of China Unicom, a key rival of China Telcom, will grow by 400,000, a company source said.
At present, this western municipality has only 10,000 registered Internet users and a poor 13.8 percent possession rate for mobile and fixed phones, 7 percent lower than the nation's average. The deputy mayor, Zhao Gongqing, said the city will accelerate development of informatization.
Nortel, which tapped the Chongqing market in 1989, raked in an annual revenues of US$30.3 billion last year.
(xinhua 06/13/2001)
