Total investment in 3G construction to be 170 billion yuan in 2009

The Ministry of Industry and Information Technology said on January 22 that in 2009 the total investment in 3G construction is expected to be 170 billion yuan, of which an investment of almost 120 billion yuan has been already initiated recently or is going to be initiated soon.

The investment will make positive contributions to expanding domestic demand and the economic development of China.

According to the 3G network construction plans of the three telecom enterprises, investment in 3G construction over the next three years is expected to be about 400 billion yuan, and will more or less cover all prefecture-level cities, most county towns, as well as developed villages and towns.

The 3G development plans of China Telecom, China Mobile and China Unicom each have targets of roughly 50 million subscribers.

Source: People's Daily Online