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AVIC TO DEVELOP NETWORK IN CHINA

NEW YORK-AVIC Group International Inc. and the Government of Hebei Province jointly announced an agreement to develop and construct a 1.6 million subscriber fixed wire telephone network in Hebei Province, China.

“This agreement is an important step in the expansion of AVIC’s project base to include major wireline, cellular and paging networks in China,” said Joseph Wright, AVIC’s chairman and chief executive officer. “This fixed wire network, combined with the GSM (Global System for Mobile communications) network announced earlier, gives AVIC the opportunity to participate in the creation of an integrated telecommunications services in Hebei.”

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