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Global Mobile to Establish TD-LTE Company in Mainland China

2011-06-08 18:00:33| Source:

Taipei, June 7, 2011 (CENS)--Global Mobile Corp. recently signed an agreement to open a joint venture in mainland China to provide TD-LTE (time-division long term evolution) telecom service in cooperation with the administration of Songshan Lake National High-Tech Industrial Development Zone, which is in Dongguan of Guangdong Province.

Global Mobile Chairperson Rosemary Ho pointed out that the 50-50 joint venture will start to provide seamless fourth-generation (4G) service in two years to the province`s population of approximate 100 million. She added that the joint venture will seek partnership of China Mobile or China Unicom.

The high-tech industrial zone was elevated to a national industrial zone in 2010, virtually dubbed the “Silicon Valley on the Pearl River Delta” and a pivotal economic engine in Guangdong. According to the zone`s administration, the zone received over RMB16 billion (US$2.4 billion at US$1:RMB6.5) of investments altogether from Taiwan`s high-tech enterprises on the first day of its operation.

Global Mobile executives estimated that the mainland`s 4G market involves business opportunities up to RMB100 billion (US$15.3 billion) by including the tri-play telecom network infrastructure drawn in Beijing`s 12th Five-Year Development Plan, as well as the mainland`s plans to establish mobile Internet network and broadcasting/telecasting network infrastructures.

Chinese Ministry of Industry and Information Technology, which regulates the Songshan Lake high-tech zone, pointed out that cooperation deal offers a superb chance for Taiwan`s choking WiMAX industry, which is struggling for survival after Intel announced setting back from support WiMAX by closing WiMAX office.

Ho said the joint venture will work with Taiwan`s equipment suppliers, including GemTek Technology Co., Ltd. and Inventec Corp., to tap the mainland market for 4G service.