Siemens in $100m tie-up with Huawei

Siemens in $100m tie-up with Huawei

BEIJING: German telecoms giant Siemens AG will set up a new US$100 million joint-venture with China's largest network equipment firm, Huawei Technologies Co., state press said on Wednesday.

The Beijing-based joint-venture, TD Tech, will produce next generation TD-SCDMA network equipment and mobile phones, the Beijing Times said.

Details on the stakes held by Siemens AG and Huawei were not disclosed, but the venture will start rolling out equipment for the establishment of TD-SCDMA base stations by mid-2005.

TD-SCDMA is the third-generation (3G) telecommunication standard, jointly developed by Siemens and China's Datang Mobile. -- AFP