Datang receives loan for 3G network

21 Jun 2007

Datang Telecom Technology & Industry Group (Datang Group) has been approved for a CNY30 billion (USD3.89 billion) long-term bank loan from China Development Bank to support the company’s 3G technology development and network construction, the company said in Beijing today. The loan will be used to boost the development of TD-SCDMA (time division-synchronous code division multiple access) and large-scale network construction for the coming Beijing Olympic Games in 2008, according to a statement posted on Sina.com. Datang Mobile, the group’s unlisted firm, is the major developer of TD-SCDMA, which covers chip blueprints, handset design and network construction.

China, Datang Mobile