ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CHL China Life Insurance Co

1.289
-0.006 (-0.46%)
28 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
China Life Insurance Co TG:CHL Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.006 -0.46% 1.289 1.268 1.3095 1.3345 1.286 1.3345 12,900 22:50:02

UPDATE:Alcatel-Lucent Gets China Mobile Deal For Fiber Network

21/07/2009 8:56am

Dow Jones News


China Life Insurance (TG:CHL)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more China Life Insurance Charts.

Franco-U.S. telecommunications equipment company Alcatel-Lucent (ALU) Tuesday said it has been selected as China Mobile Ltd.'s (CHL) sole supplier for the deployment of a fiber-to-the-home network in 10 Chinese cities.

China Mobile will deploy Alcatel-Lucent's gigabit passive optical networking, or GPON, solution in the Chinese provinces of Anhui and Guangdong to deliver ultra-high-speed services to residential and business users, Alcatel-Lucent said in a press release.

The contracts were secured through Alcatel-Lucent Shanghai Bell, Alcatel-Lucent's Chinese flagship company, the company added.

Alcatel-Lucent didn't provide financial details of the deal.

The fiber deal is another key win for Alcatel-Lucent in a market where operators are investing massive amounts of money to upgrade their networks and which has turned into a major sales growth hope for telecom equipment vendors.

Western gear companies like Alcatel-Lucent, Nokia Siemens Networks (NOK, SI) and LM Ericsson Telephone Co.(ERIC) have been fighting for market share in the country, aiming for a slice of its investment in improving the networks as demand in other parts of the world is hit by the recession and as western operators focus on preserving cashflow.

In April, Alcatel-Lucent reached a $1 billion deal with China Mobile, the world's largest mobile operator with more than 400 million subscribers, to supply second generation solutions and third generation equipment based on a relatively new technology developed mainly in China, called TD-SCDMA, or Time Division-Synchronous Code Division Multiple Access.

Company Web site: www.alcatel-lucent.com

-By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 40; ruth.bender@dowjones.com

 
 

1 Year China Life Insurance Chart

1 Year China Life Insurance Chart

1 Month China Life Insurance Chart

1 Month China Life Insurance Chart

Your Recent History

Delayed Upgrade Clock