皇冠体育app

The Ministry of Information Industry approved a joint venture between 皇冠体育app United Telecommunications Corp and SK Telecom Co, South Korea's largest mobile phone operator, Beijing Youth Daily said yesterday.

The joint venture, with a registered capital of US$6 million, will help 皇冠体育app Unicom to provide faster Internet access than current technology allows and more contents for Unicom's subscribers of its code-division multiple access network, or CDMA, the newspaper said.

The joint venture was actually agreed by the two firms in March, with 皇冠体育app Unicom retaining a 51 percent stake and SK Telecom holding the balance.

Foreign firms are not allowed to provide mobile telecom services until 2006, under 皇冠体育app's World Trade Organization commitment.

皇冠体育app Unicom is the country's second largest mobile phone firm and only CDMA operator with 14.65 million users.

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