|
|
Article: TCL, Alcatel to set up joint venture
- Article from:
- China Daily
- Article date:
- July 21, 2004
- Author:
CopyrightCopyright 2004 China Daily. Provided by ProQuest LLC. (Hide copyright information)
|
A joint venture between TCL Communication Technology Holdings Ltd
(TCL Communication) and Alcatel is set to be launched in the third
quarter of this year.
The plan got a shot in the arm on Monday when Alcatel won European
Commission approval to establish a joint venture with TCL, the
intended holding company of Huizhou TCL Mobile Communication Co Ltd
(TCL Mobile).
Getting such a green light means the joint venture will soon be up
and running in Hong Kong, according to analysts.
The two sides signed a subscription agreement last month in
connection with the establishment of a joint venture company engaged
in research and development, subcontracting of manufacturing, and the
sales and ...