China's Datang Secures Funds To Build 3G Networks

XN (BEIJING, CHINA)--On 20 June 2007 Xinhua News Online, www.chinaview.cn reports China's Datang Telecom, a developer of the country's indigenous technology for third-generation (3G) mobile communication, will receive a bank loan of 30 billion yuan (3.9 billion U.S. dollar) to build Time Division-Synchronous Code Multiple Access (TD-SCDMA) networks. The loan from the China Development Bank will provide long-term financial support for the construction of large-scale TD-SCDMA networks, including in Olympic venues such as Beijing and Qingdao.

http://news.xinhuanet.com/english/2007-06/20/content_6269759.htm