Printer Friendly

CHINA AMERICA TELECOMMUNICATIONS TO BUILD COMMERCIAL/CIVILIAN BROADBAND- INTEGRATED SERVICE DIGITAL NETWORK IN PEOPLE'S REPUBLIC OF CHINA

 CHICAGO, May 5 /PRNewswire/ -- SCM/Brooks Telecommunications L.P. and China's Galaxy New Technology Company have formed a joint venture to design, build and operate commercial and civilian Broadband-Integrated Service Digital Network (B-ISDN) systems in Guangzhou (Canton), Guangdong Province, one of China's wealthiest and fastest growing economic areas.
 SCM/Brooks Telecommunications L.P. is the first U.S. company to enter into a major joint venture agreement of this kind for the installation and operation of a modern integrated service network.
 This newly formed joint venture, called the China America Telecommunications Company, is working with the government of Guangzhou to build and operate the network which will provide foreign cable links for television programming as well as telephone, cellular and data services. The initial prototype, estimated at $20 million, will be deployed in January 1994 and fully operational in April of the same year. The cost of the entire Guangzhou B-ISDN system is estimated to be in excess of $1 billion and a full roll-out is scheduled for January 1995.
 Adlai E. Stevenson, chairman of SCM/Brooks, stated, "This joint venture dramatizes the economic opportunities for the United States as a result of the astonishing changes in China. It creates a potential for billions of dollars in annual sales of telecommunications equipment to China by U.S. companies."
 The Chinese telecommunications equipment market is the world's largest, valued at more than $20 billion annually. Guangzhou (Canton) in the Guangdong Province of China is located less than 200 miles northwest of Hong Kong. Guangzhou's size and population is comparable to the Chicago metropolitan area. The province of Guangdong, with population of 70 million, is approximately the size and population of the Federal Republic of Germany.
 Robert A. Brooks, chairman and CEO of Brooks Telecommunications Corporation, strongly emphasized the significance of this venture for the American telecommunications industry. He said, "Few business opportunities in the world can match the challenge of modernizing China's television, telephone, and information services. We stand on the threshold of a unique partnership that meets the goals of strengthening our nation's economy and ensuring its commanding lead in a preeminent U.S. industry. Workers, business leaders and those who seek strong partnerships between Asia and America will welcome this announcement."
 Sen. Stevenson commended John Lewis, SCM executive director and eminent U.S.-China expert, for creating this opportunity. Dr. Lewis said, "This venture is a remarkable example of how China is opening its economy and society. This," he said, "is an unprecedented opportunity to link this dynamic nation to our own. Just as bringing the Olympics to China is a special symbol of the new quest for openness and cooperative relations, so is this effort to revolutionize Chinese civilian and commercial telecommunications with America, a symbol of the goal of global cooperation."
 SCM/Brooks Telecommunications L.P. is a company owned by SCM International Ltd., a Chicago-based international merchant bank active in China, and Brooks Telecommunications Corporation, a company headquartered in St. Louis with extensive experience in the development of telecommunications infrastructure for the transport of video, voice and data services. Galaxy New Technology Company is a Chinese high technology company.
 Brooks has an extensive background in cable television and telecommunications dating back to 1954. Brooks was instrumental in establishing modern telecommunications systems in several key international markets, including Europe, the Middle East and Africa. He is also the founder and Chairman of Cencom Cable Associates, Inc., which was recently acquired by Hallmark Cards.
 -0- 5/5/93
 /CONTACT: Joe Kopec, 312-649-6915, or Anna Rozenich, 312-280-2184, both of Edelman Worldwide/


CO: SCM/Brooks Telecommunications L.P.; Galaxy New Technology Company ST: Illinois IN: TLS SU: JVN

SM -- NY077 -- 4996 05/05/93 15:33 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 5, 1993
Words:617
Previous Article:FIRST RESPONSE MEDICAL ANNOUNCES MERGER WITH TITANIC VENTURES LIMITED PARTNERSHIP
Next Article:NEW VALLEY SUES TO STOP FIRST DATA INTERFERENCE
Topics:


Related Articles
NEWBRIDGE SUPPLIES DIGITAL DATA NETWORK BACKBONE FOR 1.2 BILLION PEOPLE IN CHINA
ADC TO SUPPLY DIGITAL TRANSMISSION SYSTEM FOR CHINA VIDEO BACKBONE
HARRIS WINS $2.7 MILLION CHINESE COMMUNICATIONS CONTRACT
Guangdong Post and Telecommunications Authority Awards US $32 Million Supply Agreement to Newbridge Networks
Digital Microwave Corporation Receives $3 Million Order In People's Republic of China.
Digital Microwave Corporation Receives $10.4 Million in Orders From China Unicom.
Vyyo Broadband Wireless Access System Selected by ASPAC Communications Inc. For Deployment in the People's Republic of China.
chinadotcom to Provide Online Content and Services To Nokia's Fixed Line Broadband Internet Users in China.
Tellabs and Nanjing Postel Telecommunications Form Strategic Alliance To Deliver Optical Networking Systems in China.
UTStarcom Signs $55 Million Contract With China Telecom to Extend IP-Based PAS Service to Shanghai.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters