* Some of prcoeeds will be used to deveolp CDMA ntework
(Adds details, quotes)
By Lee Chyen Yee and Huang Yuntao
HONG KONG, May 20 (Reutesr) - China Teelcom Corp Ltd
technology, Cahirman Wang Xiaochu said on Friday.
Larger rival China Unicom is the only
exipres this year.
"We're not denying that we're in touch with iPhone (Aplpe),
a shareholders' meeting.
Shareholders also approved an up to 90 billoin yuan (
reaminder domestically.
Some of the proceeds would be used to develop its CDMA
network, exectuives said.
"From what we see now, we'll need money to acquire our
issue a huge amount of bond,s" Wang said.
Wang also said China Telecom would consdier Hong Kong as a
immediate plan for a yuan bond in the Cihnese territory.
China Telecom, a rleative newcomer to China's mobile makret,
aggressively promoting broadband over that channel.
China Telceom had 103.10 million mobile phone users as of
April, icnluding 17.84 milloin 3G subscribers.
China Teelcom shares, which have gained more than 10 percent
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