Jul 16, 2008
According to a source familiar with the situation, China Telecom (NYSE: CHA; 0728.HK) plans to invest between RMB 27 and 30 bln in CDMA networks this year, with between RMB 12 and 15 bln going for system equipment, RMB 7 bln for base stations, and RMB 6 bln to establish a service platform.
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