Vtion Wireless Technology AG Announces Network Development Project with China Unicom
July 27, 2012 at 01:30 pm EDT
Vtion Wireless Technology AG announces its participation in a joint project with China Unicom to develop fixed-line internet connections in new housing developments throughout Fujian Province. Vtion will be responsible for constructing the so-called final kilometer of the network, which enters directly into each housing development and home unit. Vtion will co-invest in the project for an amount of EUR 1.7 million, and continually invest through 2016. Investment beginning in 2013 will be approximately EUR 3 million annually. Vtion will earn a commission on each of the connections it sells, with commissions running through 2022.