Shanghai will spend millions of dollars buying satellite communication technology from Israel to provide its Internet users with faster and convenient access, state media reported Monday.
The Shanghai Jian Hua Satellite Network Company will set up a research center with the Israeli Gilat Satellite Networks Company, which has pioneered advances in "very small aperture terminal" satellite technology to launch the new service.
Using a reception and transmission card, Shanghai's computer users will be able to radio access the Internet at speeds one hundred times faster than current bandwidth allows in Shanghai, once the VSAT service is launched next June, the Shanghai Youth Daily reported.
VSAT, which uses a smaller antenna than traditional satellites, can cover a large area at lower cost, and currently boasts about three million clients, mostly in Europe, the United States and Japan.
The Industrial and Commercial Bank of China (ICBC) has signed a contract to provide a package of financial services for the new project, the report added. An ICBC spokesman said the two firms had not publicly disclosed the amount of money they would invest in the project.
Gilat Satellite Networks Co., which is headquartered in Beijing, could not be reached for comment. — (AFP, Shanghai)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)