China Unicom signs NFC development deal

17 Aug 2010

The Chinese mobile operator China Unicom has signed a USD1.5 billion five-year deal with the Chongqing Municipal Government to make the region the centre for its development of Near Field Communication (NFC) services. The regional government will in turn set up a series of tax breaks and other incentives to encourage other NFC developers to move into the area, CellularNews reports. It is forecast that the cluster of companies could be generating total revenues of as much as RMB50 billion (USD7 billion) per year by 2015. As part of the agreement Unicom will be upgrading its W-CDMA 3G network in the city of Chongqing.

China, China Unicom