telecom - Chinese WiMax deployed
Beijing Xinwei is preparing a listing at the Shenzhen stock exchange, writes the China Daily today. Xinwei is a joint venture between China's Datang and the US firm, focusing on developing a Chinese standard WiMax called McWill It is a Chinese standard for a technology that is up to now dominated by Intel.
A domestic IPO will allow Xinwei to further deploy McWill. China Mobile has already started to install the technology in Chongqing and China Netcom in Guangdong.
WiMax can be used as an alternative or an addition for 3G technology, as it delivers high speed broadband and is cheaper and easier to install compared to the 3G-technology. Xinwei also has been at the core of the development of the Chinese standard for 3G TD-SCDMA.
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