China Telecom and France Telecom Announce Partnership

China Telecom and France Telecom announced a strategic partnership that envisages cooperation in a broad range of business areas. The initial phase covers, among others, research and development of technologies and applications, procurement, network and business operation, and personnel exchange and training. The parties have agreed to establish a joint research and development center in China, focusing initially on testing of new technologies and development of applications in support of business units. Efforts will also be made in search of joint procurement opportunities to leverage both Parties' expertise and the scope and scale of their combined operations. http://www.francetelecom.com