One of the most powerful trends facing the new economy is the institution and development of high speed wireless networks around the world. This technology allows for mobile phones, laptops, and other devices to be used in ways that were not thought possible, just a few years ago.
One company taking full advantage of this trend is China Tel Group Inc. (CHTL). Currently, major cities across the globe are becoming wireless, with China and the United States both making powerful statements in this game changing arena.
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Other countries are also developing their networks, but both China and the U.S. have pledged large stimulus spending on establishing high speed wireless networks across both respective countries.
Recently, China Tel’s President, Colin Tay, was quoted stating, “Our relationships in China have enabled us to expand our wireless network to reach segments of the consumer, enterprise and government markets that a few years ago were beyond reach. We are extremely proud of our team and their accomplishments in China in order to become a 'best of class' provider of wireless broadband telecommunication services, and to be recognized by the Chinese Government as a preferred provider of these services."
It’s not just the governments that are investing into advanced wireless technology. Major companies such as Google, Intel and Sprint are all investors in WiMax technology.
WiMax, the Worldwide Interoperability for Microwave Access, is another telecommunications technology aimed at providing wireless data over long distances at extremely high speeds. Unlike a current Wi-Fi modem that we use in our homes or at work, which has a range of less than 100 feet, WiMax modems can transmit high speed internet over a several mile range. This allows whole cities and areas to be blanketed in high speed internet.
This would allow for an individual to be surfing the internet on their iPhone or watching an online video on their laptop anywhere in any city that the technology is employed. A high speed wireless network could also be vital in the implementation of the Smart Energy Grid technology which could be an integral part of China‘s energy plans in the coming years. To take advantage of the changes in wireless technology, CHTL has purchased a 49 percent stake in ChinaComm. ChinaComm is a government approved and licensed 3.5G operator in 29 domestic top tier cities covering over 300M in population and 50% of overall GDP of China.
Through this joint agreement with ChinaComm, CHTL has become a leader in high speed wireless broadband and telecommunications infrastructure throughout mainland China. Being a leader means staying on top your industry and adapting to what changes lay ahead.Keeping that in mind, China Tel and ChinaComm are launching a 5 city deployment of 4G WiMax networks in 2010.
With a pre-existing 3.5G network, the rollout of CHTL’s 4G WiMax network could be made a lot easier. There are rumblings that CHTL and ChinaComm may expand their current plan to include additional cities. The 4G market is where growth for the company will be forged.
According to Citigroup, the WiMax market is expected to reach US$9 billion in 2012.
The street has already begun to take notice. In the last trading week of 09, CHTL began a strong uptrend that finally met resistance at the $2 dollar mark.
About ChinaTel Group, Inc.
ChinaTel Group, Inc. (ChinaTel), through its controlled subsidiaries, provides fixed telephony, conventional long distance, high-speed wireless broadband and telecommunications infrastructure engineering and construction services.
ChinaTel is presently building, deploying and operating networks in Asia and South America: (i) a 3.5GHz wireless broadband telecommunications network in 29 cities across the People's Republic of China (PRC) with and for CECT - Chinacomm Communications Co., Ltd., a PRC company that holds a license to build the high speed wireless broadband telecommunications network; and (ii) a 2.5GHz wireless broadband telecommunications network in cities across Peru with and for Perusat, S.A., a Peruvian company and ChinaTel subsidiary that holds a license to build a high speed wireless broadband telecommunications network.
ChinaTel's strategy remains clear: (i) to acquire, develop and operate wireless broadband telecommunications networks in key markets throughout the world; (ii) to deliver a new world of communications through cutting edge voice, data and multi-media applications; and (iii) to invest in building long-lasting relationships with customers and partners to lead the broadband industry in customer service, responsiveness and applications that exceed our customers' expectations. Our vision is to build leading-edge IP-leveraged solutions in the broadband wireless telecommunications sector, advanced by our worldwide infrastructure and leadership in emerging markets
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