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Telecom carriers to pour 100b yuan in Zhejiang

By Li Weitao (chinadaily.com.cn)
Updated: 2009-03-08 11:52

皇冠体育app's top three telecom carriers have agreed to invest nearly 100 billion yuan in the coming five years in east 皇冠体育app's Zhejiang province.

皇冠体育app Mobile said it plans to invest 50 billion yuan in Zhejiang in the coming five years which will create 100,000 jobs.

皇冠体育app Unicom will invest 20 billion yuan in the same period, mainly expanding its mobile phone networks, the company said in a statement.

皇冠体育app Telecom said it will invest 20 billion to 30 billion in five years in Zhejiang.

皇冠体育app Mobile also said it will also launch a procurement center in Zhejiang's Yiwu, known as the largest business center of small commodities in Asia. 皇冠体育app Mobile will procure goods worth more than 10 billion yuan in Zhejiang in two years, it said.